The National Stock Exchange (NSE), India's largest stock exchange, is set to advance its long-awaited initial public offering (IPO) following the approval of a ₹1,800 crore settlement proposal by the Securities and Exchange Board of India (Sebi). This settlement addresses longstanding regulatory issues related to colocation and dark fibre cases that have delayed the IPO since its initial application was submitted on October 18, 2016. The settlement was approved by a four-member expert committee chaired by Jai Narayan Patel, a former chief justice of the Calcutta High Court. The approval is seen as a significant step towards reducing market uncertainty and reflects Sebi's commitment to achieving quicker enforcement rather than prolonged litigation. The NSE had previously sought to settle these issues by offering ₹1,300 crore, which included ₹1,165 crore for colocation and ₹223 crore for dark fibre cases. The recent developments indicate a more favorable regulatory environment for the NSE's IPO, which has been one of the most closely monitored in India.