The Supreme Court disposes of SEBI’s petitions against the National Stock Exchange (NSE) following approval of a nearly ₹1,500-crore settlement. The court takes note of the settlement terms and closes the regulator’s appeals related to long-running cases.
The disputes centre on allegations of preferential access and speed advantages connected to market data access, including co-location and “dark fibre” arrangements. Sources say NSE has moved to close these matters after paying multiple instalments, with one account noting that an initial payment of about ₹714.74 crore was made after in-principle approval, and the latest payment completes the agreed total. The reports also mention earlier NSE proposals to settle, revised over time, to raise the final amount.
While both accounts focus on the legal closure, one outlet links the settlement timing to broader market developments around an NSE IPO. It notes NSE is preparing a proposed offering of about ₹30,000 crore via an offer-for-sale structure by existing shareholders, framing the resolution of the SEBI cases as relevant context for the exchange’s next steps.
