NSE SHARES WON'T LIST ON NSE; IPO ТО ВЕ ENTIRELY OFFER FOR SALE: ASHISH CHAUHAN

The National Stock Exchange (NSE) will not list its shares on its own platform when it goes public, said Managing Director and Chief Executive Officer Ashish Chauhan, underlining that Indian regulations prohibit exchanges from self-listing.

- AGENCIES

In an interview with ANI, Chauhan explained that as a regulated institution, the NSE cannot regulate itself, and therefore must seek listing on an alternative exchange(s).

"It's a regulation of India, and we have to abide by that," he said.

Following the recent grant of a no-objection certificate by the Securities and Exchange Board of India (SEBI) after nearly a decade-long wait, the exchange has begun preparations for its initial public offering (IPO).

Chauhan said the bourse will take a few months to prepare and file its Draft Red Herring Prospectus (DRHP). After that, SEBI will review the document and provide further clearance.