Sebi has returned NSE consent plea citing pending investigation: Sources

Exchange has the "liberty" to re-file once all investigations are complete, says the market regulator

The National Stock Exchange (NSE) will have to re-file not just the initial public offer (IPO) document but also the consent plea for settling the co-location issue with market regulator Securities and Exchange Board of India (Sebi).

As per sources, Sebi has returned NSE's consent application citing pending investigations.

In a communication dated February 26, Sebi has told NSE that the current consent application is being returned as regulations don't allow any application for settlement if an investigation is not complete.

NSE will be at the "liberty to file appropriate application after completion of all the investigation" on the co-location issue, Sebi has