SEBI Approves NSE Settlement, Advancing Exchange's IPO Plans After Years of Delay

India's National Stock Exchange (NSE), the world's largest derivatives exchange, has moved closer to its initial public offering after the Securities and Exchange Board of India (SEBI) agreed in principle to settle a long-standing unfair market access case. The government has approved a 2.5% stake dilution, following regulatory changes that lowered IPO float requirements for large companies. NSE has sought to list since 2016 but faced delays due to investigations into its co-location facilities and governance issues. Formal steps toward the IPO, including appointing bankers and lawyers, are expected soon.