NSE plans to let you bet on NSE after listing on BSE

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Key points

• Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate.
• Regarding 250 businesses that aren't listed on NSE at present trade on its platform under the permitted-to-trade category.
• Power shift, a déjà vu: Air India could be new CEO's toughest flight yet.
• Bse ltdNSE IPONational Stock Exchange of IndiaNSE sharesBSE sharesBSE share cost.
• Under the proposal, NSE shares could trade in the "permitted to trade" category even though they would formally list on BSE, the individuals stated.

NSE remarked to plan allowing trading in its shares on its own platform.

NSE may allow its shares to trade on its own platform after listing on rival BSE, potentially boosting liquidity and paving the way for inclusion in Nifty indexes. The proposal was discussed with global investors during IPO roadshows. Nevertheless, current rules don't permit exchange self-listing, meaning NSE would need Sebi approval. The IPO is targeted for September. Listen to this article in summarized format. Unlock AI Briefing and Premium Content. Subscribe Now Already a member? Sign In.

National Stock Exchange of India Ltd. May allow its shares to trade on its own platform after listing them on rival BSE Ltd., individuals familiar with the matter stated, a move that could eventually shift trading volumes and pave the way for the stock's inclusion in NSE's benchmark indexes. The possibility was discussed with global investors during recent road demonstrates for the exchange's proposed initial public offering, the residents noted, asking not to be identified as the deliberations are private. Under the proposal, NSE shares could trade in the "permitted to trade" category even though they would formally list on BSE, the individuals stated.

Notably, the present regulations do not provide for the self-listing of a stock exchange. NSE, which is classified as a market infrastructure institution, would need approval from the Securities and Exchange Board of India to allow its shares to trade on its own platform, the individuals stated. Discussions are ongoing and any such move would ultimately depend on regulatory approval, the individuals stated. A representative for NSE didn't respond to requests for comment. In practice, the "permitted to trade" framework allows securities to trade on the NSE without being formally listed, with their compliance and disclosure obligations unchanged, according to NSE's website. NSE revised index eligibility rules in 2019 to allow such securities to qualify for inclusion in the Nifty indexes, India's most broadly followed gauges. Previously, only shares formally listed and traded on the exchange were eligible. Live Events.

Regarding 250 businesses that aren't listed on NSE at present trade on its platform under the permitted-to-trade category. They include Elantas Beck India Ltd., Goodyear India Ltd. And Novartis India Ltd. The arrangement could offer NSE shares access to liquidity on both exchanges while retaining BSE as the primary listing venue, adding another dimension to what is anticipated to be one of India's most closely watched IPOs. NSE expects to receive Sebi's approval for its draft prospectus by the end of August and is targeting an IPO launch in the second half of September, individuals familiar with the matter have stated.

Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate. Bse ltdNSE IPONational Stock Exchange of IndiaNSE sharesBSE sharesBSE share cost. Train station to rocket propellants, a Nagpur firm's INR21k-cr journey. Are patients paying the cost for India's PE-led healthcare boom? Notably, the Nifty doesn't predict India. It records it.

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Taken together, the developments around NSE plans to let you bet on NSE after listing on BSE point to a situation that is still moving, and the coming days should bring more clarity.