NSE IPO: Why India's Largest Stock Exchange Will List On BSE

Summary

The National Stock Exchange, India's largest stock exchange, will list its shares on the Bombay Stock Exchange, its long-time rival, due to regulatory provisions that prevent conflicts of interest. This is because listing its own shares on its own platform would put the exchange in the position of being both the regulator and the regulated entity, potentially compromising transparency and fairness. The arrangement mirrors the existing setup where the Bombay Stock Exchange's shares are traded on the National Stock Exchange.