No obstacle will remain in NSE IPO: Sebi Chairman Tuhin Kanta Pandey
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Sebi chairman Tuhin Kanta Pandey on Friday affirmed that no obstacle will remain for the country's largest stock bourse NSE to go ahead with its initial public offer (IPO). Asked whether the much-delayed IPO will happen before Diwali, the chief of the capital markets regulator declined to share any timeline. "There is no obstacle that will remain in case of NSE IPO," he said, speaking at the FE CFO Awards here. Pandey reiterated that the Sebi is fine with the ownership of clearing corporation by the stock bourses, and added that the ownership is "not an obstacle" in the run up to the IPO. Pandey explained that every country has its own models when it comes to ownership of clearing corporations, pointing out that brokers own it in the US, while they sit as separate entities in India. Live Events The career bureaucrat-turned-regulator, who assumed office in March, said NSE is in the process of settling some legal...