In a significant development, the Delhi High Court dismissed a petition challenging the market regulator’s clearance for the National Stock Exchange (NSE) IPO. The court observed that the plea appeared aimed at obstructing the listing process.
The ruling effectively removes a major legal overhang that had been weighing on the exchange’s long-pending public issue plans. Market participants view the decision as a positive step toward reviving the much-awaited listing.
Going forward, timelines for the IPO will depend on regulatory and procedural readiness, but sentiment around the issue has improved meaningfully.
