Indian Regulator Clears NSE IPO Plan Ending Decade-Long Wait

The National Stock Exchange of India Ltd. said it has received regulatory clearance to begin preparations for an initial public offering, bringing an end to years of delays in listing its shares.

The approval marks “a significant milestone in our growth journey,” Srinivas Injeti, chairperson of the nation’s largest stock bourse, said in a statement Friday evening. The statement didn’t clarify if the Securities and Exchange Board of India has agreed to the exchange’s settlement applications for old cases that held up its share sale plans.