Indian Stock Exchange, BSE has got clearance for its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI).
BSE had filed a draft prospectus for the IPO with SEBI in September, seeking to list its shares on larger rival National Stock Exchange (NSE).
The IPO is expected to raise about $200 million, and could be launched as early as this month, banking sources have said.
A listing would come ahead of the NSE, which had filed its IPO prospectus last month.