NSE to List IPO on Another Exchange Due to Regulatory Restrictions, CEO Says

The National Stock Exchange (NSE) will not list its upcoming IPO on its own platform due to Indian regulations prohibiting exchanges from self-listing, requiring it to seek admission on another recognized exchange such as the Bombay Stock Exchange (BSE). The IPO will be structured as an Offer for Sale, with existing shareholders selling shares and no fresh capital raised. NSE CEO Ashish Chauhan highlighted India's cost-effective capital markets, especially for small and medium enterprises, and noted that the exchange will take several months to file its Draft Red Herring Prospectus for SEBI approval.