Asked if there would be a delayed IPO before Diwali, the head of the Capital Markets Regulator refused to share any timeline.
“There is no barrier that will be in the case of NSE IPO,” he said speaking here at the Fay CFO Awards.
Pandey repeated that SEBI stock is exactly the ownership of the clearing corporation by the B Ours RS, and added that the ownership of the IPO is “no barrier”.
Pandey explained that when it comes to owning corporations, each country has its own models of their own models, pointing out that brokers in the US own it, while they sit as a separate entity in India.
The career bureaucrat-registrar, who took over in March, said that the NSE is about to settle some legal processes, with some money currently paying and withdrawal of some cases.
However, he did not detailed the exact nature of the settlements and the need to pay.
“Given the difficulties of its involvement, especially in view of the drama of foreign investors, especially in view of the drama of foreign investors, Sebi is not currently pushing the ‘T +0’ settlement period, he said,” he said.
The total number of domestic investors should be taken up to 400 million in the next five years from the current 1 million million unique investors in the capital market.
Citing their discussions with foreign investors in India and abroad, Pandey said that tax issues are not a barrier to them but they are other factors that influence the bats.
“Overall, our markets are stable, our domestic investors, domestic flow is good, capable of handling instability, our instability, which also increased tariffs like the rest of the world, but in some other countries, it was not as high as exchanges and it is definitely good within our managed limits.”
Earlier, Pandey also talked about the need to regulate less to stimulate economic development.
He said that the main financial officials played a crucial role in ensuring the financial integrity and liability of the companies listed and added that timely, accurate and reliable financial information are pending them.
“The market sees you for credibility. Investors depend on your ads. Regulatory organizations depend on your compliance.”
The chief of the SEBI said that no one could guarantee that there would be no false behavior, and talked about the recent experience with the gensole case in this regard, asserting that the findings of the matter should not be made away from the agenda of ease of rules.
(Now you can subscribe to our Etmarkets WhatsApp channel)
