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Best year for IPOs, NSE can't go public

A record-setting rally in Indian equities helped fuel the unprecedented IPO haul

George Smith Alexander & Ravil Shirodkar | Bloomberg  |  Mumbai 

The National Stock Exchange of India (NSE) hosted many of India's initial public offerings (IPO's) in what's been the best-ever year for new listings. Unfortunately for its shareholders, the NSE itself missed out on the party. The operator of the country's dominant bourse shelved plans to list this year because of an investigation into whether the exchange gave high-frequency traders unfair access to its systems. Former Chief Executive Officer Chitra Ramkrishna quit weeks before it filed an IPO draft prospectus, while millions of dollars of revenue has been ...

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First Published: Fri, December 22 2017. 23:57 IST