Market News
NSE Settles Pending SEBI Cases for Nearly Rs 1,500 Crore: Possible Market Impact and Future of NSE's IPO
The NSE has settled with SEBI for Rs 1,491 crore to resolve several pending issues for co-location and dark fibre access cases. NSE said that the Rs 1,491 crore has been paid in full. They said that it paid Rs 714.74 crore and the rest was paid in several earlier tranches as advance payment. The NSE spends a huge payout to clear a major legal issue that restricts it from conducting its much- awaited IPO.
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