Co-location issue could delay NSE equity offer

Nod for Rs 10,000-cr IPO after Sebi addresses issue, says Tyagi

The much-awaited initial public offering of equity (IPO) of the National Stock Exchange (NSE) could take time. The Securities and Exchange Board of India (Sebi) said on Wednesday said that approval for it might have to wait till the co-location issue was addressed. “That (IPO) will take time. NSE itself wants the other issue of co-location to (first) get sorted,” said Ajay Tyagi, chairman of Sebi, while addressing the media after the market regulator's board meeting.

The country’s largest stock exchange had filed its offer document with Sebi in December 2016. The issue size is likely to be around Rs 10,000