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The National Stock Exchange (NSE) has filed an application with the Securities and Exchange Board of India (SEBI) for a no objection certificate (NOC) to proceed with an initial public offering (IPO). The decision was approved in a board meeting held on Tuesday. This move comes amid warnings from both the NSE and the Bombay Stock Exchange (BSE) about fake trading app scams. Zerodha co-founder Nithin Kamath has also raised concerns about fraudulent trading apps mimicking major brokers.
#SOURCESSAY | NSE decides to file for IPO NOC with SEBI in a meeting held on Tuesday @ankurmishrasays @NSEIndia #StockMarket #NSE https://t.co/ElWWdbGx1k
#SOURCESSAY | NSE decides to file for IPO NOC with SEBI in a meeting held on Tuesday @NSEIndia #StockMarket #NSE https://t.co/c1NrHvR3fs
Both NSE and BSE have cautioned investors against fake trading app scams. Zerodha co-founder @Nithin0dha also flagged the issue on X. Watch the video to know all about it: https://t.co/4JhU5b9UtL @Prateeks95 @TheIndranilSen #trading #scam #StockMarket https://t.co/mIGyfWQIEn
