NSE IPO Gets Green Light After Decade-Long Wait; DRHP in 3-4 Months

• National Stock Exchange (NSE) IPO moves closer to reality with SEBI's approval after a 10-year delay.
• NSE MD & CEO Ashish Chauhan announced that the Draft Red Herring Prospectus (DRHP) will take 3-4 months to prepare.
• The 'Offer for Sale' (OFS) component will proceed simultaneously, benefiting NSE's 1.91 lakh existing shareholders.
• SEBI's approval marks a significant milestone, resolving past regulatory hurdles like governance issues and the co-location case.
• NSE Chairman Srinivas Injety highlighted this decision as a new phase of value creation and strengthening India's capital market.

Why It Matters: NSE's long-awaited IPO is finally on track after SEBI's approval, with DRHP preparation underway.