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The sanctions package also targets multiple senior officers of the Islamic Revolutionary Guard Corps (IRGC), along with Iranian investor Babak Morteza Zanjani, who is accused of having "embezzled billions in funds from the Iranian people." The United States on Friday imposed fresh sanctions on
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NSE IPO Gets No-Objection Certificate From Sebi

NSE IPO Gets No-Objection Certificate From Sebi
NSE IPO Update: The National Stock Exchange of India (NSE) has received a no-objection certificate (NOC) from market regulator Securities and Exchange Board of India (Sebi) for its long-awaited initial public offering, clearing a crucial regulatory hurdle for the country's largest stock exchange to move ahead with its IPO plans.
After the key document in hand, the NSE can now officially engage with merchant bankers and law firms to prepare its application document for IPO or Draft Red Herring Prospectus (DRHP).
However, NSE Managing Director and CEO Ashish Chauhan cautioned that the IPO remains several months away. “The IPO is at least 6–8 months after receipt of the written NOC," he had said earlier.
Chauhan added that preparation of the DRHP would take about three to four months, followed by another two to four months for SEBI's review and query process. “Most IPO timelines are driven by regulators and third parties. It is difficult to commit to whether the IPO will happen in H1FY27 or H2, as much of the process is outside our control," he said.
The NSE first filed its Draft Red Herring Prospectus (DRHP) in December 2016, but the process was derailed following serious governance concerns. Central to the delay was the co-location controversy, in which allegations emerged that certain high-frequency traders received unfair access to the exchange's algorithmic trading systems. Sebi's investigations into these issues effectively stalled the listing plans for years.
In August 2024, the NSE reapplied to Sebi seeking a fresh no-objection certificate to proceed with its IPO, signalling its intent to put past issues behind it.
A key milestone came in October 2024, when the exchange settled the Trading Access Point (TAP) Architecture and Network Connectivity case by paying a penalty of Rs 643 crore. The case related to alleged failures by the exchange and its senior officials to prevent certain traders from exploiting system architecture advantages.
Pandey noted that the exchange has since taken multiple corrective steps, including changes in senior management, board restructuring, strengthening compliance mechanisms, and resolving legacy regulatory issues.
Source: News18
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