NSE IPO: NSE shares to debut on MSE, BSE Thursday
Shares of NSE will trade on two exchanges starting Thursday - the National Stock Exchange (NSE) in India and the Metropolitan Stock Exchange of India (MSEI). The second listing will occur on September 24 under the 'Permitted to trade' category, according to a circular published by MSEI on Wednesday. MSEI is a Sebi-recognized national stock exchange offering an electronic trading platform for various capital markets segments, including equity, derivatives, currency derivatives, and debt.
This move comes after NSE's MD and CEO, Ashish Chauhan, confirmed the exchange would not seek Sebi approval to list its shares on its own platform, as Sebi's current rules do not permit a recognized stock exchange to list its own securities on its platform. NSE shares began trading on the BSE and MSEI concurrently tomorrow, with markets closely monitoring grey market trends for this highly anticipated listing.
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- NSE shares to trade on MSE from Thursday thehindubusinessline.com
