Curtains down on co-location, dark fibre: Sebi agrees to NSE's ₹1,491 crore settlement

Sebi has agreed in-principle to accept NSE's settlement of Rs 1,491.21 crore in the co-location and dark fibre matters, ending a near-decade-long legal battle between the regulator and India's largest stock exchange. The settlement, which includes a fresh demand of Rs 714.74 crore alongside an earlier Rs 776.47 crore deposit, clears a major regulatory overhang that had derailed NSE's stock market listing. With the DRHP already filed in June, the resolution paves the way for an NSE IPO that could raise about Rs 29,780 crore at indicative grey market prices of around Rs 2,000 per share, potentially making it India's largest-ever IPO, surpassing the listings of Hyundai Motor India and LIC.