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NSE CEO Calls Tirupati Visit a 'Good Omen' After SEBI's IPO Hint

NSE Managing Director Ashishkumar Chauhan visited the Tirupati temple with his family, offering prayers for the exchange and the country. The visit coincided with a statement from SEBI Chairman indicating that NSE's long-awaited IPO approval is expected within January. Chauhan described this timing as an auspicious "good omen" and a divine blessing for the significant market event. The proposed IPO is poised to be one of the most important listings in India's capital markets history.

Key Points: NSE CEO Sees Tirupati Visit as Omen After SEBI IPO Update

  • NSE CEO visits Tirupati temple
  • SEBI hints at IPO approval this month
  • Chauhan calls timing a "good omen"
  • Prayers offered for NSE and nation
  • IPO is a major milestone for Indian markets
2 min read

NSE CEO calls Tirupati darshan a 'good omen' after SEBI IPO update

NSE MD Ashishkumar Chauhan describes Tirupati darshan as auspicious after SEBI Chairman signals IPO approval this month. Read the details.

"When we arrived in Tirupati, the announcement was made. So we think it is a good omen and God's blessing. - Ashishkumar Chauhan"

Mumbai, Jan 11

Ashishkumar Chauhan, Managing Director and Chief Executive Officer of the National Stock Exchange, on Sunday visited Tirupati with his family and offered prayers at the temple of Lord Venkateshwara, seeking blessings for the exchange, its members, shareholders and the country.

Speaking about the visit, Chauhan said the darshan took place early in the morning and described it as a deeply fulfilling experience.

He noted that prayers were offered for the well-being of NSE and for the broader growth of the nation.

"Today we had a great darshan in the early morning at Tirupati Kilumara Devastaran. We took blessings for NSE and for all our members, all our shareholders and the country," Chauhan explained.

"The visit had been planned much earlier, but coincidentally came a day after an important announcement related to the exchange," he added.

On Saturday, the SEBI Chairman stated that NSE is expected to receive approval for its much-awaited initial public offering (IPO) within this month.

Chauhan said the timing of the Tirupati visit and the announcement felt auspicious, especially as the news was made public just as he arrived in the temple town.

He described the development as a good omen and a blessing from God.

"When we arrived in Tirupati, the announcement was made. So we think it is a good omen and God's blessing that this announcement has come," he mentioned.

Chauhan said the darshan was peaceful and memorable, and expressed gratitude for the opportunity to seek divine blessings at such a significant moment for the exchange.

The visit comes at a time when market participants are closely watching regulatory developments around NSE's proposed IPO, which is expected to be one of the most significant listings in India's capital markets.

"This planned visit coincided with encouraging signals from the SEBI Chairman, Tuhin Kanta Pandey, indicating that NSE's IPO approval could be expected within the next month -- marking a significant milestone for NSE and India's capital markets," he stated.

- IANS

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Reader Comments

R
Rohit P
While I respect his personal beliefs, as the CEO of a major financial institution, the focus should remain on regulatory compliance and transparent processes. Calling it a "good omen" might send the wrong signal to international investors about decision-making.
A
Aman W
Tirupati's blessings are powerful! Many of us start new ventures or important work only after seeking divine grace. This IPO will be a landmark moment for Indian markets. Jai Balaji! 🛕
S
Sarah B
Interesting cultural insight. In the West, CEOs might give a generic "thoughts and prayers" statement, but here it's a specific pilgrimage tied to a major corporate event. The blend of modern finance and ancient tradition is uniquely Indian.
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Vikram M
This is the Indian way! We combine hard work with prayers. The timing does feel auspicious. Hope the IPO gets a bumper listing and brings more depth to our markets. All the best to NSE and its shareholders.
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Karthik V
As a retail investor, I'm more interested in the IPO details and valuation than the pilgrimage news. But if the CEO's faith gives him confidence to steer the exchange well, that's fine. Just hope the process is smooth and fair for small investors like us.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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