NSE MD Ashish Chauhan clarified that the exchange will not seek Sebi approval to list or trade its shares on its own platform. Under Sebi rules, a recognised exchange can list only on another exchange, meaning NSE’s upcoming IPO is expected to result in a BSE-only listing.
Jefferies says Sebi’s proposed CAS changes will remove uncertainty, but still remains negative on BSE. Here’s why
Jefferies expects Sebi’s proposed CAS changes to reduce expiry-day volatility and uncertainty but remains negative on BSE shares, citing limited options-industry growth, a ceiling in