The National Stock Exchange of India Ltd., which has encountered delays in its initial public offering since its initial filing in 2016, requires approval from the Securities and Exchange Board of India to reapply, Chauhan stated in a Bloomberg Television interview on Friday.
Why ADRs are prone to sudden price spikes? Feroze Azeez explains
Infosys American Depository Receipts saw a significant intraday surge. Experts attribute this spike primarily to derivative strategies and options trading mechanics. While the stock closed