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flag NSE's IPO will be an OFS on another exchange, not self-listed, due to Indian rules, with SEBI approval after nearly a decade.

flag The National Stock Exchange (NSE) will not list its shares on its own platform due to Indian regulations prohibiting self-listing, according to CEO Ashish Chauhan. flag Instead, the IPO will be an Offer for Sale (OFS), allowing existing shareholders to sell stakes without raising new capital for the exchange. flag The listing will occur on an alternative exchange like the Bombay Stock Exchange, following SEBI’s recent approval after nearly a decade. flag The process involves filing a Draft Red Herring Prospectus for SEBI review, with pricing to be determined closer to launch, making current valuation estimates speculative. flag The move aims to enhance liquidity and transparency, strengthen governance through market scrutiny, and align with accountability principles for a key financial infrastructure provider.

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