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DSE leads the way in demutualisation
New Delhi, Aug 31: With demutualisation of regional bourses gaining momentum, the Delhi Stock Exchange is all set to approve the scheme for separating trading and ownership.
New Delhi, Aug 31: With demutualisation of regional bourses gaining momentum, the Delhi Stock Exchange is all set to approve the scheme for separating trading and ownership.
At its extraordinary general body meeting (EGM), held on Friday, the shareholders gave their assent to submit the demutualisation scheme for taking it up at the Board meeting, slated for Monday.
This comes in the wake of Securities and Exchange Board of India (Sebi) asking all the regional bourses to submit their approved respective schemes by September 5.
This comes in the wake of Securities and Exchange Board of India (Sebi) asking all the regional bourses to submit their approved respective schemes by September 5.
"At the EGM, the shareholders have agreed in principle to the demutualisation scheme and it will be given a formal shape at the board meeting on Monday," DSE director Vijay Bhushan said here.
Under the scheme, members, who desire to trade with DSE, could continue as a trading member and those who want to exit, would be refunded their deposit.
The value refunded would be based on the value of their trading right, the sources said.
Bureau Report