The National Stock Exchange (NSE) is inching closer to its much-awaited IPO, with SEBI chairman Tuhin Kanta Pandey saying on August 27 that the regulator was close to approving the exchange’s draft red herring prospectus (DRHP).
NSE filed its DRHP in June for an IPO comprising entirely an offer for sale (OFS), through which existing shareholders will sell their stakes.