NEW DELHI: A group of 9 investors, including Tiger Global and SAIF Partners, have opposed National Stock Exchange’s business restructuring plan saying the move would delay the bourse’s listing and result in loss in shareholders’ value.
These investors – who together hold nearly 20 per cent stake – have also asked the exchange to move an in-principle application before Sebi for listing itself.
Under the proposed rejig, NSE plans to create a separate entity for non-regulated business and the move comes on the heels of markets regulator Sebi approving new listing norms for stock exchanges.
In a letter written to NSE chairman SB Mathur, the investors have expressed “multiple concerns on this such as further delay in Listing of the Com…
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