DRHP expected by January 2017 for domestic listing
The board of directors of the India's largest stock exchange the National Stock Exchange of India (NSE) has expressed its desire to file Draft Red Herring Prospectus (DRHP) latest by January 2017 after addressing restructuring needs of the exchange and the regulatory requirements for listing. This is subject to shareholders' approval. The NSE board has also advised the management to file for overseas listing by April 2017.
With a view to accelerate the listing procedures, the board has re-constituted the current Listing Committee as an empowered sub-committee of the board. The committee will take decisions within a stipulated time line, NSE said in a press release issued on 27 June 2016.
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