India’s Securities and Exchange Board (SEBI) is actively collaborating with the National Stock Exchange of India (NSE) to address unresolved matters preventing NSE’s initial public offering (IPO). Despite being the world’s largest derivatives exchange, NSE has struggled to go public since 2016 due to legal and governance challenges.
SEBI Chairman Tuhin Kanta Pandey stated that while a timeline cannot be provided, progress is being made toward resolving the issues. NSE submitted a new application in March 2025 requesting SEBI’s no objection certificate but has yet to receive approval.
