The Securities and Exchange Board of India (SEBI) is actively working to address issues related to the upcoming initial public offering (IPO) of the National Stock Exchange (NSE). SEBI Chairperson Tuhin Kanta Pandey emphasized the regulator's commitment to prioritizing public interest and resolving outstanding concerns swiftly to facilitate the NSE IPO. Key issues under review include the salaries of key management personnel (KMPs), ownership structure of the clearing corporation, technical glitches, and the resolution of the co-location case. SEBI has also amended the Listing Obligations and Disclosure Requirements (LODR) rules to improve disclosure practices and enhance corporate governance, aiming to protect shareholder interests. Additionally, SEBI is focused on deterring misconduct that could harm public investors, citing the recent Gensol Engineering fraud as an example. Parallelly, the Shapoorji Pallonji Group has approached the Reserve Bank of India (RBI) to advocate for the listing of Tata Sons, highlighting ongoing developments in major IPO activities within the Indian market.
Waiting for NSE IPO launch date, listing? Check SEBI chief Tuhin Kanta Pandey's latest statement https://t.co/m1ZxlPyRxO
SEBI's job is to find and punish them: SEBI Chairperson Tuhin Kanta Pandey on Gensol fraud #SEBI #TuhinKantaPandey https://t.co/C2P3MTANN3
#ETNOWExclusive | Shapoorji Pallonji Group reaches out to RBI in favour of the listing of Tata Sons, as per sources What is the reason behind their decision? @ankurmishrasays is here with the details of the development and the timeline of the events #TataSons #RBI #IPO https://t.co/CKdSzez0v1