NSE seeks Sebi's go-ahead for IPO amid mounting pressure from shareholders

Sources said the market regulator is yet to give a go-ahead to the exchange

The National Stock Exchange (NSE) has once again set the ball rolling on its initial public offering (IPO). The country’s largest bourse has written to markets regulator Securities and Exchange Board of India (Sebi), asking whether it can once again file the draft red herring prospectus (DRHP) to go public. The move comes amid mounting pressure from shareholders, many of whom are waiting to liquidate their holding for over a decade.

“The NSE has requested Sebi to convey its no-objection to enable it to proceed with its IPO plan and for filing the DRHP. A response from Sebi is awaited,”