New Delhi, June 18 -- The National Stock Exchange of India has taken a step further in its plans to list on the Indian stock market by filing draft papers with the market regulator, Sebi, to launch an initial public offering (IPO). This marks a significant step not only for NSE, which has been looking to enter the market for almost 10 years, but also for Dalal Street, as the IPO could be among India's largest ever.

NSE had first launched its IPO papers in 2016 to raise around Rs.10,000 crore through an OFS by existing shareholders. However, Sebi withheld approval amid concerns related to governance lapses and the co-location case.

Now, 10 years later, after receiving Sebi's no objection certificate (NOC) in January this year, NSE has fi...