Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
The National Stock Exchange of India (NSE) has completed the payment of INR 1,491.21 crore to the Securities and Exchange Board of India (Sebi) to settle the long-pending colocation and dark fibre cases. The exchange paid the remaining INR 714.74 crore after Sebi gave its in-principle approval to the revised settlement proposal. The development comes as NSE moves closer to its proposed initial public offering (IPO), for which it has already filed draft papers with the market regulator. The settlement is expected to remove a key regulatory hurdle before the public issue.
The National Stock Exchange of India (NSE) has completed the payment of INR 1,491.21 crore to the Securities and Exchange Board of India (Sebi) after receiving the regulator's in-principle approval to settle the long-pending colocation and dark fibre cases.
The latest payment of INR 714.74 crore, along with the INR 776.47 crore that had already been deposited earlier, completes the total settlement amount of INR 1,491.21 crore agreed under the revised settlement terms.
The payment was made after Sebi, in the past week, granted its in-principle approval to the revised settlement proposal submitted by the exchange.
In a statement, NSE said that the earlier deposit of INR 776.47 crore and the latest payment of INR 714.74 crore made against Sebi's demand notice would be adjusted against the total settlement amount of INR 1,491.21 crore.
The exchange had informed in the past week that Sebi had agreed in principle to settle the colocation and dark fibre matters for a cumulative amount of INR 1,491.21 crore and had directed NSE to pay the remaining INR 714.74 crore after adjusting the amount already deposited.
NSE's board also approved the payment of the balance settlement amount at its meeting held in the past week, enabling the exchange to complete the settlement process.
The exchange had originally submitted two settlement applications to Sebi in 2025 covering the colocation and dark fibre cases for a combined amount of INR 1,387.39 crore. It later revised the proposal in 2026, increasing the total settlement amount to INR 1,491.21 crore.
The colocation case relates to allegations that certain brokers received preferential access to NSE's trading systems through its colocation facility, allowing them to connect to exchange servers ahead of others and potentially gain an unfair trading advantage. The dark fibre matter is linked to the alleged use of unauthorised communication infrastructure connected with the exchange's trading network. Both matters have remained under regulatory scrutiny for several years and have led to multiple investigations and enforcement proceedings.
The settlement comes at a crucial stage for NSE as it prepares for its proposed initial public offering. Earlier this year, the exchange filed draft papers with Sebi for an IPO comprising an offer for sale (OFS) of 14.89 crore equity shares by existing shareholders, representing nearly 6 per cent of its equity capital.
As the proposed public issue does not include a fresh issue of shares, the IPO is expected to be valued at around INR 30,000 crore, making it one of the largest public offerings in India's capital markets. Market participants have been closely watching the progress of the regulatory settlement, as resolving the pending cases was considered an important step in advancing the listing process.
Source PTI
Advertisement
Facebook
Whatsapp
