New Delhi, August 20, 2026 (Yes Punjab News)
The possibility of the National Stock Exchange (NSE) allowing its own shares to be traded on its platform has emerged as a key development ahead of the exchange’s proposed initial public offering (IPO).
A report has suggested that NSE is exploring the ‘Permitted to Trade’ (PTT) mechanism, which could allow its shares to be traded on NSE while remaining formally listed on the BSE.
According to a report by NDTV Profit citing sources, NSE is considering the route to facilitate trading in its shares on its own platform. Under the existing regulatory framework, a stock exchange cannot formally self-list its own shares. The exchange would therefore require approval from the Securities and Exchange Board of India (SEBI) for its securities to be admitted for trading on NSE.
The PTT framework provides a possible route because securities admitted under the mechanism can be traded on NSE without being formally listed there. Companies using the mechanism continue to remain listed on their primary stock exchange.
NSE had issued frequently asked questions in May explaining the framework for securities admitted under the PTT category on its mainboard segment. Under the framework, companies do not need to enter into a separate listing agreement with NSE, while disclosures already made to the primary exchange are considered sufficient.
However, PTT securities remain subject to NSE’s surveillance and regulatory mechanisms. Securities admitted under the category can subsequently seek full listing on NSE, subject to applicable eligibility requirements. NSE also retains the authority to suspend or prohibit trading in such securities.
If the proposed arrangement receives regulatory approval, NSE would remain formally listed on BSE while its shares could also be traded on NSE, providing investors with an additional trading venue.
The development comes as NSE prepares for its proposed IPO. The exchange filed its draft red herring prospectus with SEBI in June for an offer for sale of 14.89 crore equity shares.
NSE’s listing plans date back to 2016 but were delayed amid regulatory scrutiny linked to the co-location controversy.
Separately, NSE reported an 8.2 per cent sequential decline in consolidated revenue from operations to Rs 4,560 crore for the quarter ended June 30. Its net profit, however, increased 8.7 per cent to Rs 3,120 crore.
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