NSE denies seeking Finance Ministry's intervention in IPO standoff with SEBINSE put out a clarification for the same on social media.
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NSE; SEBI logos.
Credit: Reuters File Photos
New Delhi/Mumbai: The National Stock Exchange has denied seeking the finance ministry's intervention in a years-long standoff with the markets regulator over its planned IPO.
NSE, the world's largest derivatives exchange, has been trying to go public since 2016 but has failed to secure regulatory approval due to pending legal cases and governance shortfalls. Its main domestic rival BSE Ltd is listed.
NSE put out a clarification for the same on social media.
Earlier in the day, news agency Reuters had reported that NSE had written to the finance ministry after its March application for a ‘no objection certificate’ (NOC) from SEBI failed to progress.