India's market regulator, SEBI, is nearing the issuance of a No Objection Certificate (NOC) for the National Stock Exchange's (NSE) long-delayed Initial Public Offering (IPO). SEBI Chairman Tuhin Kanta Pandey indicated the NOC could be granted within the month, potentially clearing a significant hurdle. The NSE's IPO process, initiated in 2016, has faced delays due to regulatory scrutiny over governance and co-location controversies, which the exchange has since addressed through management changes and settlements.