Will NSE IPO hit the market in 2017?

Exchange's pending co-location issue with Sebi has caused uncertainty

Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi on Monday said the National Stock Exchange (NSE) may have to refile the offer document for its much-awaited initial public offer (IPO), which could potentially raise more than Rs 10,000 crore from investors.

NSE, the country’s largest stock exchange, filed its prospectus for Sebi approval in December 2016. Following which, the exchange has gone through a lot of material changes that need to be updated in the offer document. For one, it has appointed Vikram Limaye, MD & CEO of IDFC, as the next chief. More importantly, the financial numbers