NSE offers ₹1,400 crore to SEBI to settle co-location and dark fibre cases

Mumbai: The National Stock Exchange (NSE) has filed two applications with the Securities and Exchange Board of India (Sebi) to settle the long-standing co-location and dark fibre cases by offering to pay a total ₹1,388 crore, making it the highest amount offered by any entity till date.

If approved by the regulator, this will pave the way for the initial public offering by the country’s largest stock exchange that’s faced repeated delays due to regulatory and legal hurdles. NSE had renewed its push to go public after Tuhin Kanta Pandey took over as the Sebi chairman in February.