According to the DRHP, NSE and Nuvama Wealth Finance filed a civil suit before the Delhi High Court against Kashmiri Lal Rana and NSDL in May 2025, alleging that 5,000 NSE shares were mistakenly transferred to Rana's demat account on December 28, 2023, despite no corresponding purchase request or consideration being paid.
According to the DRHP, NSE and Nuvama Wealth Finance filed a civil suit before the Delhi High Court against Kashmiri Lal Rana and NSDL in May 2025, alleging that 5,000 NSE shares were mistakenly transferred to Rana's demat account on December 28, 2023, despite no corresponding purchase request or consideration being paid.
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As the National Stock Exchange's IPO grabs headlines for its size and significance, two lesser-known disclosures buried in the draft red herring prospectus (DRHP) offer a glimpse into legal matters that prospective investors may find noteworthy.One of them revolves around 5,000 NSE shares that the exchange alleges were erroneously credited to an individual's demat account, triggering both civil and criminal proceedings.According to the DRHP, NSE and Nuvama Wealth Finance filed a civil suit befo…
