Sebi Clears NSE IPO, Likely to Be Worth Rs 30,000 Crore

India's securities regulator Sebi has granted approval for the National Stock Exchange to launch its initial public offering. The move ends nearly a decade of delays that had prevented the country's largest stock exchange from going public. The IPO is estimated to be valued at approximately Rs 30,000 crore, potentially ranking among India's biggest public offerings. The issue will be an offer-for-sale, with existing shareholders collectively offloading close to six percent of their stake in NSE. The exchange is a dominant player in India's equity derivatives segment and is the operator of the benchmark Nifty 50 index.