NSE moves ahead towards listing

NSE moves ahead towards listing

 

MUMBAI: India’s largest stock exchange NSE has moved closer to listing its shares. The exchange is committed to list its shares at the earliest possible time frame. As a step towards the same, the Board of NSE in its meeting held on 22 August 2016 decided to engage the following four Joint Global Co-ordinators viz., Citigroup Global Markets India Private Ltd, JM Financial Institutional Securities Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and Legal Advisor viz., Cyril Amarchand Mangaldas.

 

The Board also approved the appointment of Price Waterhouse & Co, Chartered Accountants LLP as Joint Statutory Auditors for the financial year 2016-17 along with the current statutory auditors and as sole Statutory Auditors for the financial years 2017-21, subject to the approval and ratification of shareholders as may be applicable.

 

With these steps, NSE expects the listing process to gain further momentum. NSE will consider appointment of more banks for additional roles as may be felt expedient.

 

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