Topic
stock-exchange
Finance NSE proposes stricter eligibility norms for authorised persons to strengthen investor protection
The National Stock Exchange has proposed stricter eligibility norms for Authorised Persons, including minimum net worth of ₹5 lakh for individuals and ₹25 lakh for firms. The consultation paper, prepared jointly with SEBI, also mandates disclosure of accounts and technology safeguards, with comments invited till 27 August.
Finance NSE settles pending Sebi cases for nearly Rs 1,500 crore
NSE will pay nearly Rs 1,491 crore to settle pending regulatory cases with Sebi after the regulator accepted the revised settlement terms in principle. The settlement covers the co-location and dark-fibre cases and clears the path for NSE's IPO, for which the exchange has already filed the offer document.
Finance Augmont Enterprises, NSE Tie-Up Aims to Accelerate Electronic Gold Receipt Adoption
Augmont Enterprises has tied up with the National Stock Exchange (NSE) to boost adoption of Electronic Gold Receipts (EGRs). The company expects to list EGRs within three months after the government resolves a GST issue on gold conversion. EGRs are SEBI-regulated instruments that dematerialize physical gold, enabling trading, pledging and lending through an exchange framework.
Finance NSE flags regulatory, tech and AI risks in IPO filing as derivatives revenue dominates
The National Stock Exchange has filed draft IPO papers with Sebi, disclosing heavy dependence on derivatives for revenue and a wide range of risks including regulatory changes, technology failures, cyberattacks, and artificial intelligence-related challenges. The exchange warned that recent Sebi measures to tighten equity derivatives have already moderated trading activity.
Business NSE Files DRHP for $2-Billion IPO; Tiger Global, SBI Among Major Sellers
The National Stock Exchange has filed its draft red herring prospectus with Sebi for an estimated $2-billion IPO, nearly nine years after its first attempt was stalled by the co-location controversy. The issue is entirely an offer for sale, with Tiger Global, SBI, IDBI Bank, and others selling shares. The exchange received a no-objection certificate from Sebi earlier this year, clearing the final regulatory hurdle.