2 hrs ago
Supreme Court Closes SEBI Cases After NSE Settlement
The Supreme Court has closed cases involving SEBI and the National Stock Exchange.
The cases concerned claims that some brokers got faster access to market information than others.
NSE agreed to pay SEBI Rs 1,491.21 crore to settle the matters.
It paid Rs 776.47 crore earlier and a final Rs 714.74 crore in July.
The Supreme Court recorded the settlement and disposed of SEBI's petitions.
NSE is also preparing to sell shares to the public through an IPO.
The planned IPO would sell existing shareholders' shares rather than issue new NSE shares.
It could be worth about Rs 30,000 crore.
The Supreme Court disposed of SEBI petitions against the National Stock Exchange in the co-location and dark fibre cases.
NSE completed a revised settlement of Rs 1,491.21 crore with SEBI.
The final Rs 714.74-crore payment followed an earlier deposit of Rs 776.47 crore.
The cases involved allegations that certain brokers received preferential access and speed advantages in obtaining market data.
The settlement comes as NSE prepares for a proposed Rs 30,000-crore IPO involving an offer for sale of nearly 6% of its equity.
- Who
- The Securities and Exchange Board of India, the National Stock Exchange, and the Supreme Court of India.
- What
- The Supreme Court disposed of SEBI's petitions after NSE completed a Rs 1,491.21-crore settlement concerning co-location and dark fibre cases.
- Where
- The proceedings were before the Supreme Court in New Delhi.
- When
- The Supreme Court order was issued on Thursday; NSE's final payment was made in July, while the revised settlement terms were submitted on March 13, 2026.
- Why
- The settlement addressed allegations that certain stockbrokers received preferential speed and access advantages when obtaining market data and trading.
Key facts
- Settlement amount
- Rs 1,491.21 crore
- Final payment
- Rs 714.74 crore paid to SEBI in July
- Earlier deposit
- Rs 776.47 crore
- Original settlement proposal
- Rs 1,387.39 crore, filed on June 20, 2025
- Revised settlement
- Rs 1,491.21 crore, approved in principle after revision on March 13, 2026
- Proposed IPO
- Offer for sale of 14.89 crore existing equity shares
- Estimated IPO size
- Around Rs 30,000 crore, representing nearly 6% of NSE's equity capital
Sources
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