NSE looks to resolve co-location allegation before listing

MUMBAI: The initial public offering of National Stock Exchange may get delayed as the exchange is keen to first resolve the allegations on co-location before its public listing, said a top regulatory official. “NSE doesn't want to list before the allegations related to co-location are resolved. So the IPO may take some time," Sebi chairman Ajay Tyagi said.

NSE filed an application for an IPO in late December and is estimated to raise as much as $1 billion, but Sebi is yet to give its approval.

Tyagi, however, said the regulator would soon take a call on whether to approve NSE's nomination of Vikram Limaye as its next CEO.