Home / Business and Economy / NSE Eyeing Own Platform Trade Post-Listing, BSE Shares Dip
NSE Eyeing Own Platform Trade Post-Listing, BSE Shares Dip
20 Aug
Summary
- NSE may trade shares on its platform after listing on BSE.
- This move could shift trading volumes and impact BSE's projected volumes.
- NSE IPO target launch in the second half of September.
Shares of BSE Ltd. experienced a decline following a report indicating that the National Stock Exchange of India (NSE) might permit its shares to trade on its own platform post-listing. This potential arrangement, discussed with global investors during roadshows, could lead to a shift in trading volumes and possible inclusion in NSE's benchmark indexes.
Currently, regulations do not permit stock exchanges to self-list. NSE would require approval from the Securities and Exchange Board of India (SEBI) for such a move. The "permitted to trade" framework allows securities to trade on NSE without formal listing, with NSE revising index eligibility rules in 2019 to accommodate these securities.
This strategy could offer NSE shares liquidity on both exchanges while maintaining BSE as the primary listing venue. The exchange is anticipated to receive SEBI's approval for its draft prospectus by the end of August and aims for an IPO launch in the second half of September.
