Never Sought Govt Help In IPO Hurdle: NSE

Mumbai: The National Stock Exchange (NSE) on Thursday publicly denied media reports suggesting that it has approached the Government for intervention in its ongoing stand-off with the Securities and Exchange Board of India (SEBI) over its delayed Initial Public Offering (IPO).

In a post on social media platform X, the exchange categorically refuted claims that it had reached out to the government for assistance.”The story is denied by NSE,” the exchange stated in its clarification, adding that there has been “no correspondence with the Government of India in the last 30 months relating to its IPO.”

This statement comes in response to a news report citing unnamed sources who claimed that NSE had recently written to the Ministry of Finance requesting help in resolving regulatory hurdles holding up its long-awaited IPO. The report alleged that the letter followed the rejection of NSE’s latest application to SEBI in March for a ‘No Objection Certificate’ (NOC) required to proceed with the listing.