NSE diversification could weigh on weekly options' revenue, CEO says

Growth in the National Stock Exchange of India's other businesses would likely cut into its revenue share from weekly options trading, its chief said on Friday, as the country's largest bourse seeks up to 4.42 trillion ‌rupees ($46.26 billion) ⁠in valuation ⁠through its long-awaited IPO.

Other businesses are also coming up to reduce the pie of weekly options revenue, NSE MD and CEO Ashish Chauhan said during the firm's IPO press conference.

Here are some details:


Indian regulations do not allow ​a stock exchange to list on ⁠itself, although ‌an exchange's shares can trade on ​its ​own platform once listed. However, Chauhan said the ⁠exchange has not sought regulatory approval to ​allow its shares to trade on its own ​platform after listing.

Transaction charges will continue to be a growth driver for the exchange, its CFO said.

NSE on Thursday cut the size of its IPO by more than 15% ‌as some top investors trimmed the number of shares they intended to sell, which ​a source ​told was ⁠primarily on account of a lower-than-expected price band.

The $2.36 billion IPO is likely to trail an upcoming offering by billionaire Mukesh Ambani's Reliance Jio, expected to raise $3.8 billion, and Hyundai Motor India's $3.3 billion issue in 2024.