The National Stock Exchange (NSE) , which is awaiting a settlement order for the Securities and Exchange Board of India (Sebi) to pave the way for a no-objection certificate and listing thereafter, has also sought permission for self-listing, said sources.

“Several major stock exchanges have listed their own shares on their own trading platforms globally. We have approached Sebi for this as well,” a source said. Currently, the default option is to cross-list on Bombay Stock Exchange (BSE).

This is not the first time that NSE has sought self-listing. In 2016, then Sebi chief U K Sinha said the law is very clear and prohibits self-listing.

Sources said that the exchange believes that listing on the rival exchange will drive volumes there. The listing of NSE is expected to happen with

See Full Page