NSE's strict-governance platform in limbo after tepid corporate response

Lukewarm response from corporate houses forces bourse to put NSE Prime on back burner

The country’s largest bourse National Stock Exchange (NSE) has put the NSE Prime initiative in cold storage following lukewarm response from India Inc, said people aware of the development.

Inspired by Brazil’s Novo Mercado, NSE had announced a separate platform which any listed company could be part of by voluntarily adopting a stricter corporate governance code.

Launched in December 2021, NSE Prime was to formally take off within a year after empanelling companies. “The response to NSE Prime was under par with only a handful of companies showing willingness. As a result, the exchange has decided to virtually shelve the