NSE IPO application not something that cannot be sorted: Sebi's Tuhin Kanta Pandey

NSE IPO application not something that cannot be sorted: Sebi's Tuhin Kanta Pandey

Sebi chief Tuhin Kanta Pandey said NSE (National Stock Exchange) IPO application is "not something that cannot be sorted".

He made the remark while speaking to Informist, reported CNBC-Awaaz on May 28.

Last week, Pandey exuded confidence that all outstanding issues in the IPO will be resolved soon.

The NSE's IPO proposal has been pending with the Securities and Exchange Board of India (Sebi) as the regulator has certain concerns.

"All the outstanding issues will be resolved and we will move forward...NSE and Sebi are talking, they are resolving the issues and I'm very hopeful, it will be cleared and will move forward," Pandey told reporters at an event organised by Assocham.

Asked when the issues would be resolved, he said ,"Can't give a timeline but we should be soon doing it."

The bourse has restarted its listing process by applying for a No Objection Certificate (NOC) at the Sebi.

In March, Sebi announced the formation of an internal committee to look into NSE's IPO, and the markets regulator asked NSE to resolve all the issues.

Meanwhile, CNBC-TV18 reported that, during his interaction with Informist, Pandey weighed on the new conflict of interest code for Sebi officials.

"An independent panel will recommend new conflict of interest code and it will create right balance. There's ample freedom to panel on conflict of interest code," said Pandey.