NSE picks 20 banks, eight law firms for mega IPO

The National Stock Exchange of India Ltd (NSE) has concluded the selection of merchant bankers, law firms, and other intermediaries for its proposed initial public offering (IPO). India’s largest exchange appointed 20 merchant bankers to manage the mega share sale, including the Indian units of Morgan Stanley, Citigroup, JP Morgan and HSBC Securities. Domestic firms…

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Delhi HC dismisses plea challenging Sebi approval for NSE’s long-awaited IPO on jurisdictional grounds

The Delhi High Court on Monday dismissed a petition challenging the Securities and Exchange Board of India’s (Sebi) approval for the National Stock Exchange’s (NSE) initial public offering (IPO), clearing a fresh legal hurdle on the exchange’s path to listing. A single bench of Justice Jasmeet Singh refused to admit the plea filed by 72-year-old…

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