NSE IPO Plan: Market regulator SEBI has itself dismissed the alleged collusion and unfair trade practice case against stock exchange NSE and its former management, including CEO Chitra Ramakrishna and chairman Ravi Narayan. This has cleared the way for the country's largest exchange to restart the plan of primary share sale ( IPO ), which has stalled since 2016. That is, now NSE will be able to bring its IPO.

there is a lack of evidence

The new management of SEBI, led by its current chairperson Madhabi Puri Buch, who herself is facing several allegations including conflict of interest, has said that there is not enough evidence in the NSE case. Hence, the case has been closed.

Earlier this year, SEBI had rejected the settlement application made by NSE in the co-location matter.

Clear way for IPO

SEBI's new move removes a major hurdle in the way of NSE's IPO plans, which were derailed after the co-location dispute. Last month, NSE restarted the process of its long-pending IPO and applied for an NOC from SEBI.

what was the whole matter?

The co-location scam relates to certain brokers gaining an unfair advantage by giving them access to NSE's systems, data, and trading facilities. The case began in 2015 and involved multiple investigations. Three whistleblowers had complained to SEBI.

Disclaimer: This is mainly information about an upcoming potential IPO, not investment advice. There is risk in the equity market, so invest at your own risk. Do take expert advice before investing.