The National Stock Exchange (NSE), one of India’s leading stock exchanges, has issued a strong denial regarding recent media reports that claimed it had approached the Indian government for intervention concerning its long-awaited initial public offering (IPO).

NSE Firmly Denies Seeking Government Intervention for IPO

The National Stock Exchange (NSE), one of India’s leading stock exchanges, has issued a strong denial regarding recent media reports that claimed it had approached the Indian government for intervention concerning its long-awaited initial public offering (IPO). The clarification was made public on Wednesday, following widespread speculation and news coverage on the matter.

No Communication with Government in 30 Months

Addressing the reports, the NSE emphasized that it has not engaged in any correspondence with the Government of India related to its IPO in the past 30 months. In a clear and concise statement, the exchange said, “NSE has not had any correspondence with Government of India in last 30 months relating to its IPO. Any reports to the contrary are factually incorrect and misleading.”

Clarification Issued via Social Media

To ensure the message reached a wide audience, the NSE took to social media platform X (formerly known as Twitter) to issue its clarification. The post reiterated that any suggestions of recent communication with the government regarding the IPO are baseless. The exchange’s move to publicly address the issue demonstrates its commitment to transparency and factual reporting.

Media Reports Prompt Official Response

The NSE’s clarification comes in direct response to recent media stories that suggested the exchange had sought government support to expedite the process of its IPO. These reports had caused speculation among investors and stakeholders about the status and progress of the NSE’s public offering plans. By issuing a categorical denial, the NSE aims to dispel any confusion and reassure the market of its current position.

IPO Awaiting Regulatory Clearance

The NSE’s IPO has been a topic of interest in financial circles for some time, as the exchange continues to await regulatory approval for its public listing. The process has experienced delays due to various regulatory and legal challenges. The latest clarification highlights that the exchange is not seeking external intervention to resolve these issues and is following the proper regulatory channels.