Are NSE unlisted shareholders staring at losses? Here's what IPO pricing indicates

NSE IPO is selling a monopoly. Investors should watch the referee - The Economic Times

NSE's 67% Ebitda toll booth handles 93% of India's equity volume, but demutualised exchanges historically degrade regulatory oversight once shareholders demand growth. The only variable that matters: whether Sebi maintains independence, a historically rare outcome under profit-driven board mandates.