NSE IPO Path Cleared: SEBI Approves Settlement, Government Dilutes Stake

• SEBI Chairman Tuhin Kanta Pandey announced in-principle approval for NSE's settlement application regarding unfair market access.
• The government has also approved a 2.5 percent stake dilution in NSE, with a notification expected soon.
• These approvals significantly clear the way for NSE's long-awaited stock market listing, potentially by late 2026 or early 2027.
• NSE's IPO was delayed since 2016 due to legal and regulatory hurdles, including investigations into co-location, dark fiber, and TAP cases.
• Past allegations involved some traders gaining undue advantage through faster access to NSE's co-location servers between 2010-2014.

Why It Matters: NSE's IPO is finally on track after SEBI's settlement approval and government's stake dilution nod.