National Stock Exchange of India (NSE) pays Securities and Exchange Board of India (Sebi) Rs 714.74 crore to settle two long-pending regulatory matters related to co-location and dark fibre. NSE states that, after adding a previously deposited Rs 776.47 crore, the total amount paid under revised settlement terms reaches Rs 1,491.21 crore. The payment follows Sebi’s in-principle approval for the revised proposal submitted by the exchange. Sebi had indicated that NSE should pay the balance amount of Rs 714.74 crore, adjusting the amount already deposited, following a demand notice dated July 30, 2026. NSE also says its board approves the payment at a meeting held on July 30. The settlement follows an initial filing by NSE of settlement applications in June 2025 for a cumulative amount of Rs 1,387.39 crore, later revised on March 13, 2026 to Rs 1,491.21 crore. Both outlets report that the settlement helps resolve the co-location and dark-fibre cases involving former officials. The developments come as NSE prepares for an initial public offering (IPO) through an offer-for-sale, with no fresh issue component.
NSE pays Rs 714.74 crore to settle Sebi colocation and dark-fibre cases
National Stock Exchange of India (NSE) pays Securities and Exchange Board of India (Sebi) Rs 714.74 crore to settle two long-pending regulatory matters related to co-location and dark fibre. NSE state...
- NSE pays Sebi Rs 714.74 crore, taking total payments toward the settlement to Rs 1,491.21 crore.
- The settlement covers NSE’s co-location and dark-fibre cases.
- Sebi grants in-principle approval to NSE’s revised settlement proposal before the payment.
- NSE previously deposited Rs 776.47 crore; the additional payment matches the balance demanded by Sebi after adjustments.
- The settlement occurs as NSE prepares for an IPO, including an offer-for-sale of existing shares.
National Stock Exchange of India (NSE) on Friday said it has paid Rs 714.74 crore to Sebi after receiving the regulator's in-principle approval to settle the long-pending colocation and dark fibre cases for Rs 1,491.21 crore.The latest payment, together with the Rs 776.47 crore already deposited by the NSE, completes the Rs 1,491.21-crore settlement amount agreed under the revised settlement terms.The payment comes a day after the Securities and Exchange Board of India (Sebi) gave its in-principle approval to the revised settlement proposal submitted by the exchange.In a statement, NSE said, "The deposit of Rs 776.47 crore along with the payment of Rs 714.74 crore made against the demand notice dated July 30, 2026, will be adjusted against the settlement amount of Rs 1,491.21 crore."On Thursday, NSE had informed that Sebi had, in principle, agreed to settle the colocation and dark fibre matters for a cumulative amount of Rs 1,491.21 crore and had asked the exchange to pay the balance amount of Rs 714.74 crore after adjusting the amount already deposited.The exchange's board, at its meeting held on July 30, approved the payment of the balance settlement amount.NSE had initially filed two settlement applications with Sebi on June 20, 2025, covering the colocation and dark fibre matters for a cumulative amount of Rs 1,387.39 crore. Subsequently, on March 13, 2026, it revised the settlement terms, increasing the cumulative settlement amount to Rs 1,491.21 crore.The settlement comes as the country's largest stock exchange is preparing for its initial public offering (IPO).In June, NSE filed its draft papers with Sebi for an IPO comprising an offer-for-sale (OFS) of 14.89 crore equity shares by existing shareholders, representing nearly 6 per cent of the exchange's equity capital.With no fresh issue component, the proposed IPO is estimated at around Rs 30,000 crore, making it one of the largest public issues in the Indian capital markets.
3 hours agoThe National Stock Exchange has settled past regulatory lapses with Sebi for Rs 1,491 crore. This settlement resolves issues related to co-location and dark-fibre cases involving former officials. Sebi has accepted revised settlement terms, demanding an additional payment from the exchange. The NSE had previously proposed settling these cases for a combined amount. This development clears the path for the National Stock Exchange's initial public offering.
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