Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said the regulator is “very close” to approving the National Stock Exchange’s (NSE) draft red herring prospectus (DRHP), potentially moving the exchange’s long-awaited listing closer to the market. Pandey also said the current Closing Auction Session (CAS) mechanism will remain in place, with participation expected to increase.
