Economy · India
NSE Receives SEBI Approval for Rs 30,000 Crore IPO
The National Stock Exchange (NSE) has received final approval from the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO) of Rs 30,000 crore. This is anticipated to be India's largest-ever market debut. SEBI cleared the NSE's IPO along with three other firms: RKB Global, Monomark Engineering (India), and Cosmic PV Power. The NSE is expected to file an updated Red Herring Prospectus (DRHP) and announce its price band next week, with a potential listing by September 25th. Separately, Nigeria's Dangote Refinery has also received regulatory approval for a $1.6 billion IPO.
How outlets across the spectrum covered it
L 1 C 6 R 1
- Left (1): The Telegraph (India)
- Centre (6 votes, 7 outlets): Deccan Chronicle, Deccan Herald, Mint, Navbharat Times · The Economic Times (Times Group — 1 vote), The Financial Express, The Hindu BusinessLine
- Right (1): Aaj Tak
- International (3): Bloomberg, France 24, Reuters