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NSE weighs letting its shares trade on its own platform after BSE listing
The plan would require approval from India’s markets regulator SEBI and is aimed at keeping BSE as the primary listing while potentially boosting liquidity and index inclusion prospects.
India’s National Stock Exchange is considering allowing its own shares to trade on its platform after listing them on rival BSE, according to people familiar with the matter cited by LiveMint Markets.
Under the proposal, NSE shares could trade in the “permitted to trade” category even if they are formally listed on BSE, a setup that is not covered by current regulations for self-listing by stock exchanges.
Because NSE is classified as a market infrastructure institution, it would need approval from the Securities and Exchange Board of India to allow the arrangement, and discussions are ongoing and dependent on regulatory sign off.
The “permitted to trade” framework would keep compliance and disclosure obligations unchanged, and NSE revised its index eligibility rules in 2019 so such securities could qualify for inclusion in Nifty indexes. LiveMint Markets also notes NSE expects SEBI approval for its draft IPO prospectus by the end of August and is targeting an IPO launch in the second half of September.