Sebi Said to Have Accepted NSE's Consent Applications

A consent order is passed by Sebi when a regulated entity pays a certain fee without accepting or denying guilt

- Ram Sahgal & Neha Joshi

The Securities and Exchange Board of India (Sebi) has accepted the settlement applications filed by the National Stock Exchange to resolve pending regulatory investigations, potentially paving the way for the long-delayed initial public offering (IPO) of India's largest stock exchange, according to a person familiar with the matter.

Sebi is likely to issue a formal no-objection certificate (NOC) by the end of this month, the person said, adding that this would allow the NSE to proceed with filing its Draft Red Herring Prospectus for the IPO.