NSE clears final Sebi hurdle for long-awaited stock listing

SEBI has cleared NSE's long-awaited IPO, issuing observations for the proposed around ₹30,000 crore offer for sale of 148.9 million shares (6% of paid-up equity), with pricing expected above ₹2,000 per share and valuation exceeding ₹5 trillion. This follows SEBI's approval of Jio Platforms' around ₹35,000 crore IPO last week, paving the way for back-to-back mega listings. The exchange will receive no proceeds; all funds will go to selling shareholders including SBI, Bank of Baroda, CPPIB, LIC peers, and affiliates of Morgan Stanley and Temasek.