New Delhi, June 17 -- The National Stock Exchange of India Ltd (NSE) has filed its draft red herring prospectus with the market regulator for its much-awaited initial public offering (IPO), according to a public filing submitted to the Securities and Exchange Board of India.

The share sale consists entirely of an offer for sale of up to 149 million equity shares by existing institutional shareholders, the document showed. No fresh equity capital will be issued as part of the transaction.

Proceeds from the transaction will go entirely to the selling shareholders, which include State Bank of India, Canada Pension Plan Investment Board, affiliates of Morgan Stanley, Temasek, Bank of Baroda, Stock Holding Corp. of India, General Insurance C...