ποΈ NSE IPO approval near; CAS system remains unchanged
Sebi Chairman Tuhin Kanta Pandey confirmed that the capital market regulator plans no changes to the Closing Auction Session (CAS). He stated that approval for the National Stock Exchange's (NSE) Draft Red Herring Prospectus (DRHP) is very close. This development follows CAS introduction on August 3 to boost transparency and prevent manipulation. Pandey stressed moving from measuring risk to proactively anticipating network-level systemic risks. The regulator will assess any future proposal for NSE shares to trade on its own platform. π