Mumbai, Jan. 30 -- The Securities and Exchange Board of India (Sebi) has issued a no-objection certificate (NoC) for the public listing of National Stock Exchange of India Ltd (NSE), according to two people familiar with the matter.

The development puts an end to nine years of waiting for the initial public offering (IPO) of the country's largest stock exchange.

The NoC was issued to NSE on Friday, said an NSE official on the condition of anonymity. The IPO will be an offer-for-sale, with existing shareholders offering parts of their stakes to the public.

Earlier in January, Tuhin Kanta Pandey, chief of the Securities and Exchange Board of India (Sebi), said the capital markets regulator was poised to give NSE the go-ahead by the end o...