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NSE Said to Plan Allowing Trading in Its Shares on Its Own Platform
The plan would let NSE shares trade on its own platform while BSE remains the formal listing venue, pending Securities and Exchange Board of India approval.
The National Stock Exchange of India plans to allow trading of its own shares on its platform, with BSE Ltd serving as the formal listing venue, pending approval from the Securities and Exchange Board of India .
Under the 'permitted to trade' framework, securities trade on NSE without formal listing; around 250 companies currently use this mechanism, including Elantas Beck India Ltd and Novartis India Ltd.
During recent IPO roadshows, NSE discussed the proposal with global investors as it targets an initial public offering in the second half of September, expecting Sebi approval for its draft prospectus by August's end.
Discussions continue on the proposal, which remains subject to Sebi's regulatory oversight because NSE is classified as a market infrastructure institution and current regulations do not allow self-listing.
NSE previously adjusted index eligibility rules in 2019, allowing 'permitted to trade' securities to qualify for Nifty indexes; earlier, only formally listed stocks could participate.