National Stock Exchange of India Prepares for $46 Billion IPO Amid Regulatory Scrutiny

The National Stock Exchange of India (NSE) is preparing for a $46 billion IPO, the most anticipated market debut in the region. As the world's largest derivatives exchange by contract volume, the NSE faces pressure from the Securities and Exchange Board of India (SEBI), which has implemented stricter rules on options trading. The exchange previously faced a decade of regulatory hurdles, including a major colocation scandal and leadership controversies. Meanwhile, Indian crypto traders have shifted significant volume to offshore platforms due to high domestic tax burdens.