SEBI Chairman Tuhin Kanta Pandey said on Monday the regulator would examine the issues delaying the initial public offering of the National Stock Exchange (NSE).

“We will look into it. We will apply our minds on how is it… how to take it forward, what are the issues,” he said, addressing the media after the board meeting.

NSE shareholders have been pushing the exchange to go public since 2015. The exchange had filed for its IPO in December 2016, but was asked to withdraw its offer documents pending investigations into the co-location scam. In FY21, the exchange approached the market regulator for a nod to its IPO plan, which did not elicit a response.

Last year, NSE filed for a No Objection Certificate for its proposed IPO, which is pending with the regulator.

NSE is the most valuable privately owned unlisted company, according to a recent report jointly released by Axis Bank’s Burgundy Private and Hurun India, with a valuation of ₹4.7 lakh crore.