NSE Denies News Reports on IPO Talks with Government

The National Stock Exchange (NSE) has officially denied a news report that claimed it had contacted the government regarding its Initial Public Offering (IPO).

NSE Responds on Social Media

NSE took to its social media platform “X” (formerly Twitter) to clear the air. It said, “A news agency, Reuters, has published a story that NSE has sought intervention from the government relating to the NSE IPO. This story is denied by the NSE.”

The exchange further clarified that it has not communicated with the Government of India about the IPO for the last 30 months.

What Did Reuters Report?

Earlier in the day, Reuters reported that NSE had written to the government asking for help with its IPO. The report cited anonymous sources who claimed to have knowledge of the matter.

However, NSE’s quick denial makes it clear that no such request or communication has taken place.

NSE Reports Strong Financial Results

Recently, NSE announced its financial results for the March quarter and the entire financial year 2024-25. The exchange reported a 47% jump in net profit, reaching ₹12,188 crore. This is a big improvement compared to the previous year.

Along with the results, the NSE board also recommended a final dividend of ₹35 per equity share. This includes a special one-time payout of ₹11.46 per share. However, this recommendation still needs approval from shareholders.

Conclusion

To sum up, NSE has strongly denied any talk with the government about its IPO, countering the Reuters report. At the same time, the exchange is showing strong financial growth and rewarding its shareholders. For now, all eyes remain on whether NSE will move forward with IPO plans in the near future.
Read more on: NSE Q4 Profit Surges 47% to ₹12,188 Crore, Announces ₹35 Dividend

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