NSE receives in-principle approval from Sebi for electricity derivatives

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NSE receives in-principle approval from Sebi for electricity derivatives - Business Standard

Quick Summary:

When asked about the status of the initial public offering (IPO), officials said the company had not yet heard back after responding to Sebi’s letter dated February 28.

On the expansion of the collocation facility, the exchange said the cost of building around 2,000 racks would range between Rs 520 crore and Rs 550 crore.

There is a lot of capacity building required before launching this product,” said a member of the company’s management during the call.