Shares of BSE fell 3.24% from the intraday high of Rs 3,412 to Rs 3,301.20 apiece on the NSE on Thursday, August 20, after a report suggested that the National Stock Exchange of India (NSE), which is preparing to launch its initial public offering (IPO), may allow its shares to trade on its own platform after listing on rival BSE.
According to a Bloomberg report, the possibility of NSE shares trading on its own platform had been discussed with global investors during recent roadshows for the exchange’s proposed IPO. Under the proposal, NSE shares could trade in the “permitted to trade” category even though the stock would formally be listed on BSE. The move, if approved, could eventually shift trading volumes and pave the way for NSE shares to be included in the exchange’s benchmark indices.
