NSE Self-Listing Off The Table After IPO? BSE CEO Flags Regulatory Roadblock
Mumbai: The National Stock Exchange (NSE) cannot list or trade its shares on its own platform following its proposed initial public offering under the existing regulatory framework, BSE Managing Director and CEO Sundararaman Ramamurthy has said, according to a CNBC-TV18 report. The clarification comes amid speculation over whether the NSE IPO could eventually pave the way for the exchange’s…
Mumbai: BSE CEO Sundararaman Ramamurthy has dismissed the possibility of the National Stock Exchange (NSE) listing its shares on its own platform after its proposed initial public offering (IPO), according to a CNBC-TV18 report. The clarification emerged as speculation surrounding NSE's potential self-trading surfaced. The BSE compliance team reportedly reached out to NSE to inquire about its intentions for seeking regulatory permission for self-trading, which NSE has now confirmed will not be pursued.
Ramamurthy emphasized that BSE had previously sought permission in 2017 to trade its shares on its own exchange but was denied. NSE has labeled speculation of such a move as "speculative and baseless." The CEO also mentioned that the newly introduced Closing Auction Session (CAS) has been impacted by limited liquidity, resulting in lower participation and reduced index option volumes.
Additionally, NSE's monthly equity derivatives turnover fell to Rs 34.48 lakh crore in August, the lowest since November 2023, while BSE's turnover decreased to Rs 32.2 lakh crore, the lowest since June 2025.
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