NSE files DRHP for mega $3 billion IPO, SBI among 10 investors to sell stake (opens original article in a new tab)

The National Stock Exchange of India has filed its DRHP for a $2-3 billion IPO, with SBI and other investors selling shares. The IPO is structured as an offer-for-sale, with proceeds going to existing shareholders. Sebi's no-objection certificate removed the last regulatory hurdle, and the co-location controversy has been resolved.

• NSE files DRHP for $2-3 billion IPO, with SBI and other investors selling shares
• IPO is offer-for-sale, not raising new capital, with proceeds going to existing shareholders
• Sebi's no-objection certificate removed last regulatory hurdle, and co-location controversy resolved