The National Stock Exchange of India Ltd. has appointed 20 bankers and legal advisers for its highly anticipated initial public offering, marking a major milestone in India's financial sector. The exchange announced the selection in a statement, setting the stage for what could be one of the country's largest public offerings.

This IPO represents a significant step for NSE, which has been planning its public debut for years. The exchange, which dominates India's equity trading market, aims to raise approximately $2.5 billion through the offering. The selection of bankers and lawyers indicates that the IPO process is moving forward after years of delays.

The move comes as India's capital markets continue to mature and attract both domestic and international investors. NSE's public listing would provide greater transparency and potentially open up new investment opportunities in India's financial infrastructure. The exchange's decision to proceed with the IPO could also encourage other financial institutions to consider public listings.