Now Reading: NSE may let its own shares trade on its platform
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NSE may let its own shares trade on its platform
The National Stock Exchange (NSE) may allow its shares to trade on its own platform after listing them on rival BSE, using the existing 'permitted-to-trade' framework, sources said. The Hindu reports that under this arrangement, NSE may not need a separate approval from Sebi because permitted-to-trade is not the same as listing. Livemint, however, quotes sources saying NSE would need Sebi approval as a market infrastructure institution, and that discussions are ongoing.
The permitted-to-trade framework lets investors buy and sell a security on a bourse where it is not formally listed. NSE already has over 200 companies trading under this route. If NSE lists on BSE and then permits trading of its own shares, the stock could qualify for Nifty index inclusion, Livemint notes. NSE expects Sebi approval for its draft IPO prospectus by end-August and a launch in the second half of September.
Indian Opinion Analysis
Both outlets report the same core proposal neutrally, but differ on a key regulatory detail. The Hindu says NSE may not require separate Sebi approval for the permitted-to-trade arrangement, citing a source and past practice. Livemint, quoting multiple sources, says Sebi approval would be needed because NSE is a market infrastructure institution. This distinction matters for the timeline and certainty of the plan. Readers should watch for Sebi's stance, which will determine whether the route is smooth or requires a formal exemption.
Coverage: 2 sources, 2 neutral
Sources (2): thehindu.com (neutral report), livemint.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
