NSE IPO: SEBI Chief Reaffirms Clearance, Says Demerger Not A Condition
Last Updated:
Meanwhile, shares of the National Stock Exchange (NSE) in the unlisted market surged to a record high of Rs 2,300 in recent times.
NSE IPO: The Securities and Exchange Board of India (SEBI) chief Tuhin Kanta Pandey reiterated that there will be no hurdle now for the National Stock Exchange (NSE) to launch its long-awaited Initial Public Offering (IPO). In an event at CFO awards in Mumbai, he told that there is no obstacle that will remain in case of NSE-IPO.
Pandey clarified that the demerger of clearing corporations before the NSE IPO is not an obstacle. 'That particular thing is not really an obstacle in terms of an IPO process," he stated. He added that the consultation paper on the demerger reflects the regulator's thoughts and is not a final policy decision.
Further commenting on NSE, Pandey said, 'I think they are resolving all the issues. There are some legal settlements and other matters, which will require some payments and the withdrawal of certain cases."
Unlisted Shares' Price Touching Record High
Meanwhile, shares of the National Stock Exchange (NSE) in the unlisted market surged to a record high of Rs 2,300 in recent times after reports surfaced indicating SEBI's relaxation on hurdles. Experts said NSE's share price in the unlisted market has jumped to Rs 2,300, pushing its market cap to around Rs 5.69 lakh crore—an all-time high on May 28th.
Earlier, The National Stock Exchange (NSE) had clarified that it has not approached the Ministry of Finance regarding its long-pending Initial Public Offering (IPO), contrary to a recent media report.
First Published:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
an hour ago
- Indian Express
Gujarat unveils electronics component manufacturing policy, offers Rs 12.5-crore aid for centres of excellence and research
Gujarat Chief Minister Bhupendra Patel on Sunday announced an electronics component manufacturing policy aimed at transforming the state into a global hub for electronics manufacturing by focusing on bridging the talent gap, promoting innovation, and offering support for research and development initiatives. A media release from the chief minister's office said that recognised institutions based in Gujarat would be eligible for assistance of up to Rs 12.5 crore from the state government to establish centres of excellence, finishing schools, or applied research laboratories, adding that the policy would boost investment in key segments such as multi-layer and HDI printed circuit boards, lithium-ion cells, SMD (surface mount device) passive components, display and camera modules, electronic parts, and the additional machinery required for their production. Under the policy, projects approved and supported by the Ministry of Electronics and Information Technology (MeitY) will be eligible for 100 per cent central assistance when established in Gujarat. 'Hence, MeitY-approved projects set up in the state will receive dual incentive benefits, one from the Central Government and another from the State Government,' the release read. Applications to avail of benefits under the policy, to be implemented by the Gujarat State Electronics Mission, must be submitted by July 31. The release added that the Gujarat Electronics Component Manufacturing Policy 2025 (GECMS-2025) is thoroughly aligned with the central government's electronics component manufacturing scheme, with which the state scheme will also share its duration. Projects under development or proposed in Gujarat will also be eligible for incentives under this policy. The policy will apply to units other than those receiving assistance under Gujarat Electronics Policy 2022-28. Units availing of benefits under the latest policy will not be eligible under the Gujarat Electronics Policy 2022-28. 'Gujarat's GECMS-2025 ensures a 100 per cent top-up on central support and guarantees timely disbursement of assistance. Also, once a project receives approval under the ECMS from MeitY, it will automatically become eligible for the same grant-in-aid in Gujarat. The State Government will disburse its incentive within 30 days of the Central Government releasing its assistance,' the release read. 'Gujarat has established itself as a leading manufacturing and automobile hub in India's industrial landscape. With four semiconductor plants now operational in the state, the newly announced policy will further strengthen the upstream industries. This development will reduce import dependency and improve technological resilience. The policy aims to attract over ₹35,000 crore in new investments and create substantial high-skilled employment opportunities within the state's electronics component manufacturing sector,' the release stated. Additionally, turnover-linked incentives will be provided for six years.
Time of India
an hour ago
- Time of India
Raymond Realty to launch Rs 14,000 cr worth housing projects in FY26, fixes July 1 for listing on bourses
Raymond Realty will launch six residential projects this fiscal in the Mumbai Metropolitan Region with an estimated revenue potential of about Rs 14,000 crore as the company looks to expand the property business amid strong demand. In an interview with PTI, Raymond Realty CEO Harmohan Sahni announced that the company will get listed on stock exchanges on July 1, post demerger of the real estate vertical from Raymond Ltd , which will now focus on just the engineering vertical. The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Sahni highlighted that the company has a huge land bank in the Mumbai Metropolitan Region (MMR). "In 2019, we started our first project. In the last six years, we have built a significant presence at Thane and Mumbai in MMR," Sahni said. Live Events "The total gross development value (GDV) of about Rs 40,000 crore is what our portfolio looks like today. Out of that Rs 10,500 crore worth of projects have already been launched," he added. Sahni said the remaining projects would be launched in the coming years. Asked about the pipeline for the current fiscal, Sahni said the company will launch six projects in MMR this fiscal with sales bookings potential of around Rs 14,000 crore. The company will offer housing units in a price range of Rs 2 crore to Rs 20 crore in the upcoming projects. Sahni said the company is focusing a lot on quality and timely completion of projects. Since its inception, Raymond Realty has completed two housing projects, while six projects are under construction. Mumbai-based Raymond Realty, one of the leading real estate firms in the country, sold properties worth Rs 2,314 crore last fiscal as against Rs 2,268 crore in the preceding year. Raymond Realty's revenue rose 45 per cent to Rs 2,313 crore in 2024-25 from Rs 1,593 crore in the preceding year. Sahni said the company is exploring acquiring more land parcels in MMR under joint development agreements (JDAs) with landowners. It also wants to enter the Pune residential market under the JDA model. On the upcoming listing of Raymond Realty, the company said the demerger scheme has become effective from May 1, 2025, and the record date is May 14, 2025, for the purpose of determining the eligible shareholders of the demerged company, Raymond Ltd. According to the scheme of arrangement, each shareholder of Raymond Ltd will receive one share of Raymond Realty Ltd for every share held in Raymond Ltd. Raymond Group has been a pioneer and leader in fabric manufacturing since 1925, and then forayed into other sectors such as engineering business and real estate. After demerging its lifestyle business into a separate listed entity in 2024, Raymond Ltd is now carving out the real estate vertical into a separate listed entity.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Wine industry expects rebound in FY26 after consumption slowdown last year
The impact of urban consumption slowdown was more 'stark' on the wine segment versus other AlcoBev categories, as it is a predominantly urban drink, according to the report Press Trust of India New Delhi The wine industry expects a normalised domestic macro environment to come as a boost in the current fiscal after suffering setbacks in 2024-25, which saw urban consumption slowdown and growth taking a "temporary pause", according to the annual report of Sula Vineyards Ltd. The impact of urban consumption slowdown was more 'stark' on the wine segment versus other AlcoBev categories, as it is a predominantly urban drink, according to the report. The wine demand was also impacted by multiple temporary regulatory and other market disruptions, including general elections and state elections in key markets such as Maharashtra, Sula Vineyards Founder and CEO Rajeev Samant said in the report. "After 3 years of strong growth, FY25 was more a year of demand reset for the Indian wine industry," he said, adding, "But the good news is that these setbacks are now behind us as we look forward to a more normalised domestic macro environment going into FY26." However, despite challenging market conditions for the wine industry, Sula reported its highest ever revenue from operations at Rs 619.4 crore in FY25. "We continued to consolidate our leadership position, being by far and ahead the largest wine brand in the country," said Samant while addressing his shareholders. According to Samant, "now the worst is behind us" and "optimistic of seeing better traction and growth in FY26 with positive triggers and expansion plans in our Own Brands and Wine Tourism businesses further supported by the normalisation of the macro environment expected soon." The company aims for "accelerating earnings Growth over the next 3 years (FY25-FY28) with improved Ebitda margins and capital efficiency". This will be helped through initiatives such as product development, expansion of its capacity, market Penetration, Wine Tourism and D2C Business. It is "on-track to expand Cellar capacity by 1 Mn Litres to total capacity of 19.2 Mn Litres per annum by the end of FY26". Samant also pointed out that the wine culture is evolving and spreading across India outside its top two markets, which is encouraging. "Our domestic Own Brand sales, excluding Maharashtra and Karnataka, grew by 8 per cent YoY, powered by a total of 11 states registering healthy double-digit growth. This fits in well with our endeavour of creating a truly pan-India penetration," said Samant. India's wine market is valued at approximately $150-200 million (including both domestic and imported wines), with more than 3 million cases being sold annually. "Wine is still in a nascent stage in India, accounting for <1% of the Indian AlcoBev market and the per capita consumption of wine in India too is less than 50 ml as compared to the world average of 5.5 litres," the report said. Therefore, there is a vast scope for the wine sector to grow and expand in India. "Going forward, the Indian wine market is expected to grow at 15 per cent CAGR over CY 2023-2028 led by the increasing prosperity and disposable income, rapid urbanisation, evolving consumer preferences and increase in the number of working women and women drinkers," the company said. Besides the wine business, Sula is also witnessing double-digit growth from its wine tourism business. It has two luxury resorts in Nashik - The Source at Sula' and Beyond by Sula', with a total of 104 keys. It has a new 30-key resort coming up near its York Winery, near Nashik and is expanding Wine Tourism Facility at Domaine Sula, Karnataka. "In FY25, our wine tourism revenue grew by 10.2 per cent YoY to Rs 60.3 crore, driven by a very successful SulaFest'25, coupled with the strong performance of our resorts. Our resort occupancy improved by 400 bps from 74 per cent in FY24 to 78 per cent in FY25 on the back of a strong festive and wedding season," he said.
