India regulator backs NSE settlement in unfair access case, clearing path to listing
MUMBAI, Jan 15 (Reuters) – India’s markets regulator has agreed in principle to the NSE (National Stock Exchange’s) settlement application in the unfair market access case, Chairman Tuhin Kanta Pandey said on Thursday, clearing a key hurdle to the bourse’s listing. The government has approved a 2.5% stake dilution and will issue a notification soon, he said. Reuters earlier this week that the exchange plans to file draft listing papers by end-March and is in discussions with investment bankers and law firms to gauge investor appetite for what could be one of India’s biggest-ever initial public offerings. Formal appointments of