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BSE seeks nod from capital markets regulator Sebi for IPO
Top stock exchange BSE has sought approval from capital markets regulator Sebi to launch Initial Public Offer, saying it is in compliance with all the regulatory requirements for the listing.
Top stock exchange BSE has sought approval from capital markets regulator Sebi to launch Initial Public Offer, saying it is in compliance with all the regulatory requirements for the listing. BSE has been seeking to get listed for a long time and it had earlier filed an application with Sebi in this regard in 2013. In a fresh communication, BSE has now written to the Securities and Exchange Board of India that it is in full compliance with the requirements of the new SECC (stock exchanges and clearing corporations) Regulations and therefore it can proceed with its IPO plans.
The exchange has requested Sebi to provide approval “permitting BSE to proceed with the IPO and listing of BSE’s shares on a recognised stock exchange”. Earlier this month, Sebi had amended the existing SECC regulations to make it easier for stock exchanges to list their shares through an IPO. The move follows demand from investors in stock exchanges for listing of the bourses which can provide them an opportunity to unlock the value of their investments.
