Several major investors, including Life Insurance Corporation of India, State Bank of India, and private equity firm ChrysCapital, are planning to sell stakes in the upcoming IPO of the National Stock Exchange (NSE), according to a Reuters report. The list of around 20 potential sellers also includes global investors such as Temasek and the Canada Pension Plan Investment Board. Collectively, existing shareholders are expected to divest about 5% in the offering, with Monday marking the deadline for expressions of interest submitted to merchant bankers.

The NSE, the world’s most active equity derivatives exchange, is moving closer to listing after years of delay due to regulatory disputes with the Securities and Exchange Board of India (SEBI). A monetary settlement may help clear the path. The exchange, which has attempted to go public since 2016—shortly before rival BSE listed in 2017—is expected to file its draft prospectus next month following its financial results.The IPO could be valued at $2.75 billion, based on an estimated $55 billion valuation, and may rank among India’s biggest share sales this year alongside Reliance Jio Platforms. NSE reported a 15% rise in Q3 profit to Rs 2,408 crore, supported by strong derivatives trading, while revenue grew nearly 7% sequentially.