nse

NSE moves closer to IPO after SEBI clearance

🏛️ SEBI issued an observation letter for the National Stock Exchange of India’s IPO filing on September 4, clearing the way for the next steps, including the price band and book-building process. This is not yet the official offer launch.

📊 The deal is expected to be a 100% Offer for Sale, with up to about 148.9 million shares, or nearly 6% of NSE’s equity, being sold. NSE itself will not receive proceeds from the transaction.

💰 Market estimates place the potential issue size at around ₹300 billion, which could make it one of India’s largest IPOs, although the final amount has not been officially confirmed.

📅 The market currently expects the shares to list on BSE later in September. If completed as planned, the deal would end nearly a decade of delays linked to regulatory and legal issues.

⚖️ Attention now turns to the price band, especially as derivatives trading activity in India faces pressure following tighter SEBI measures.

#NSE $CATI

🚀 Tether Heads to the Kenyan Exchange

Tether has signed an agreement with the Nairobi Securities Exchange (NSE) to develop blockchain infrastructure and tokenized assets.

📊 The partners will also explore rapid settlement solutions, the use of USDT for infrastructure, and investor education in Kenya.

This move could accelerate the modernization of one of Africa's largest stock exchanges.

#Tether #USDT #nse #Africa
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