India's NSE Targets Landmark IPO After Decade of Delays

India's National Stock Exchange (NSE) is preparing for a landmark initial public offering later this year, after nearly a decade of regulatory hurdles and governance investigations.

The exchange-India's largest with about 3,000 listed companies-handles billions of dollars in daily transactions. Due to rules preventing self-listing, it will likely list on rival Bombay Stock Exchange, which itself has seen shares surge on rising retail participation.

The IPO is structured as an offer for sale, where existing shareholders including financial institutions and global investors will sell stakes. The NSE is expected to file its Draft Red Herring Prospectus by June.

Analysts say leadership reforms, technology upgrades, and strengthened compliance frameworks have cleared the path. However, global volatility from Middle East tensions and shifting interest rates could affect timing and investor appetite.