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NSE May Let Its Shares Trade on Own Platform After BSE Listing
NSE is discussing letting its shares trade on its own platform after listing on BSE, people said. The move may open Nifty index inclusion and boost liquidity.
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National Stock Exchange of India Ltd. may allow its shares to trade on its own platform after listing them on rival BSE Ltd., people familiar with the matter said, a move that could shift trading volumes and open the door to inclusion in NSE's benchmark indexes.
The possibility emerged during recent road shows for NSE's proposed initial public offering, the people said, asking not to be identified because the discussions are private. Under the proposal, NSE shares would trade in the "permitted to trade" category on NSE while formally listing on BSE.
Current regulations do not allow a stock exchange to self-list. NSE, classified as a market infrastructure institution, would need approval from the Securities and Exchange Board of India, the people said. Discussions are ongoing and any final move depends on regulatory clearance.