The National Stock Exchange of India on Tuesday named Srinivas Injeti as its chairperson, a move that brings the country’s top bourse closer to a public listing.
NSE, the world’s largest derivatives exchange, has been trying to go public since 2016 but has failed to secure regulatory approval due to pending legal cases and governance shortfalls. Its main domestic rival BSE is listed.
The bourse had been without a chairperson for over a year, since Girish Chandra Chaturvedi’s term ended in July 2024.
In February, the markets regulator raised some concerns with NSE, including the delay in appointing a chairman to its board.
An IPO, if cleared, would help large investors in the exchange, including Life Insurance Corporation of India, State Bank of India, Morgan Stanley and Canada Pension Investment Plan Board find an exit after years.
Injeti established the International Financial Services Centres Authority in 2020, India’s first international financial regulator.
Reuters
