NSE announces panel to speed up listing

Mumbai, Feb 26 (IANS) The National Stock Exchange (NSE) on Friday announced the formation of a Listing Committee (LC) comprising board members, shareholders and management representatives to accelerate listing and assist its chief executive and managing director.

The board authorised NSE CEO and MD Chitra Ramakrishna to induct members in the committee other than shareholder representatives currently not on the board.

“Understanding of critical issues and a constructive dialogue is important to reach this milestone in stipulated timelines. I am sure LC will play a pivotal role to chart out this process,” Ramkrishna said in a statement.

The panel will engage and interact with shareholders on restructuring exercise simultaneously with a self-listing agenda.

“It will take their assurances to support the NSE’s principled stand that an exchange should continue to be regulated by an appropriate regulator only and not by competitors,” the statement said.

After achieving its objectives, the LC will present its report to Stakeholders Relations Committee (SRC) to be reviewed and for further approval by the board, the statement added.

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