New Delhi, April 16 -- A flurry of activity in unlisted NSE shares has tripled the investor base of India's largest stock exchange, which expedited the process of transferring shares between counterparties on 24 March, according to a regulatory circular. The easing is a precursor to a listing of the stock exchange. NSE applied for a no-objection certificate for its IPO with Sebi last August and is still awaiting approval.

With the share transfer process having been slashed from three to four months to just one day, the investor base of NSE has grown nearly three-fold to around 60,000 as of 11 April, a spokesperson for the exchange said.

"The investor base as on 21 March (the last trading day before NSE's International Securities Identif...