NSE

NSE management says new businesses, SIFs, commodities and ETFs could diversify revenue, while clarifying it has not sought permission to trade its shares on NSE

Key selling shareholders have reduced the offer to 126.4 million shares from 148.9 million earlier; IPO is now expected to garner up to Rs 23,000 crore

The OFS-only issue may be smaller than earlier envisaged as some shareholders prefer to wait for a potentially better price after listing, sources said

The size of the National Stock Exchange (NSE) IPO may shrink with the offer for sale (OFS) likely to be cut to 5.2-5.5 per cent, from the 6 per cent planned earlier, as some shareholders have backed out of the sale, people familiar with the matter said on Wednesday. The reduced OFS could bring down the overall issue size to Rs 25,000-27,000 crore, compared with the earlier estimate of Rs 30,000 crore.At this size, NSE may fall short of becoming India's largest-ever public offering. Hyundai Motor India's IPO, at Rs 27,870 crore, currently holds the record. The reduction in the OFS size is understood to be driven by some shareholders choosing not to sell during the IPO, as they believe they could command a better valuation by selling their stake at a later stage, thepeople familiar with the matter said. The NSE is also looking to make the issue more attractive for retail investors, with pricing being structured to provide greater participation and benefit to small investors in the OFS

At the top of the proposed range, the sale of a 5.5% stake would raise about ₹24,300 crore, below the ₹27,900 crore raised by Hyundai Motor India Ltd. in 2024 in the country's largest-ever IPO

India's new closing auction is prompting options traders to cut positions and add hedges as sharp swings in the final 15 minutes make closing levels harder to predict

The two exchanges imposed a penalty of Rs 14.31 lakh each for violations related to the composition and functioning of the company's board and committees

Brokerage says subsidies, GST cuts, external borrowings and wage revisions are shaping earnings and valuations, favouring select sectors but limiting index returns

Tuhin Kanta Pandey says Sebi is close to approving NSE's IPO documents; regulator is also working on rationalising settlement, margin and risk-management provisions

Stock exchanges BSE and NSE together imposed penalties totalling Rs 59.14 crore on public sector power companies NTPC, REC and SJVN for breach of norms. NTPC, in a regulatory filing, said the company has received notices from BSE and NSE with each imposing a penalty of Rs 5,36,900 (inclusive of GST) on account of non-compliance with Regulation 17(1) of the listing regulations. In its reply to the exchanges, NTPC said it is a government company and "as per the Articles of Association of the Company, the power to appoint or remove directors vests with the President of India through its administrative ministry, i.e., the Ministry of Power. BSE and NSE have, thus, been requested not to levy the fines imposed, the power giant said. SJVN said that both BSE and NSE have separately imposed a fine of Rs 13,44,020 for non-compliance of certain SEBI listing regulations. The company said that it will submit a request to both the exchanges for a waiver, as the power to appoint or remove direct

Sebi eases FPI onboarding with digital powers of attorney, while Gaja Capital's IPO gains traction and NSE weighs allowing its shares to trade on its own platform

The proposal was discussed with global investors during IPO roadshows and could pave the way for NSE shares to enter its benchmark indexes

Promoter share transfers, shorter SLB contracts and mandatory @valid UPI IDs are among the latest changes drawing attention in India's capital markets

Traders struggle with the new closing auction, IPOs enter a busy week and mutual fund equity inflows may have weakened despite July's market rally

Sebi streamlined inspections of market intermediaries, cleared nine IPOs, while Ardee Industries' ₹426-crore public issue was subscribed 133.66 times on the final day

Amid growing calls to roll back the mechanism, Sebi signalled that the closing auction would remain in place

The day's opinion highlights flaws in closing auctions, the funding challenge in digital payments, humane KYC, cognitive warfare and everyday gender discrimination

New buyers lose out, redeemers gain; fund houses expect anomaly to even out over time

The NSE's new Closing Auction Session replaces the old closing-price mechanism for F&O stocks. Here's how it works, why it was introduced and what it means

The new closing auction mechanism for F&O stocks led to an unusually wide gap between Sensex and Nifty, with market participants citing auction dynamics and liquidity