The National Stock Exchange (NSE) is on the verge of reviving its long-pending initial public offering (IPO) after the Securities and Exchange Board of India (SEBI) expert panel approved a significant settlement proposal. The NSE will pay ₹1,800 crore (approximately $216 million USD) to settle regulatory cases related to colocation and dark fibre, which have been major obstacles to its IPO since it was first filed on October 18, 2016. The approval from SEBI's high-powered advisory committee is a crucial step toward resolving one of India's most notable regulatory disputes. The panel, chaired by Jai Narayan Patel, evaluated complex legal issues before making its recommendation. This settlement, if finalized, would mark the largest payment ever made to SEBI, indicating a mutual effort to conclude the matter and restore regulatory certainty for the NSE. Senior legal experts have noted that this move reduces uncertainty and could expedite the IPO process, which has faced delays due to governance and technology-related concerns. SEBI's chairman, Tuhin Kanta Pandey, has previously indicated support for the settlement, raising hopes that the IPO could soon proceed.