NSE shares may trade on its platform under 'permitted-to-trade' route
The National Stock Exchange (NSE) is exploring a 'permitted-to-trade' framework to allow its own shares to be traded on its platform after listing on a rival exchange. This approach would bypass the need for separate Sebi approval for a fresh listing on the NSE.
Why it matters
This strategy is a significant step for the NSE as it prepares for its public market debut, potentially increasing liquidity for its shares.
The National Stock Exchange (NSE) may allow its shares to trade on its platform after being listed on a rival bourse, without requiring a separate approval from Sebi, as the proposed arrangement would fall under the exchange's existing 'permitted-to-trade' framework, an industry source said on Thursday (August 20, 2026).
The distinction is important as permitted-to-trade is not the same as listing. While a listed company has disclosure and compliance obligations towards the primary exchange where it is listed, the 'permitted-to-trade' framework only helps investors to buy and sell the security on another bourse.
Under the permitted-to-trade framework, an exchange can allow trading in shares that are listed on another recognised stock exchange. The company does not become listed on the exchange where its shares are permitted to trade.
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