India: NSE IPO likely to be pushed to 2019 as Sebi sends back consent plea

Photo: Aniruddha Chowdhury/Mint

National Stock Exchange of India’s (NSE’s) much anticipated initial public offering (IPO) is likely to be pushed to 2019 after the market regulator sent back its consent plea on the so-called co-location issue, the bourse said in a statement. The Securities and Exchange Board of India (Sebi) has asked NSE to re-file the consent plea once a probe on suspected unfair gains made by select brokers is over, it added.

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