It was the time to pass on the baton as “one should know when to give up”, said Rajnikant Patel, after he resigned from the post of chief executive officer and managing director of the Bombay Stock Exchange yesterday.
Speaking to reporters on the sidelines of a seminar on mutual funds, organised by the Indian Chamber of Commerce, the former BSE chief said, setting up an SME exchange and currency derivatives segment were some of the tasks before the exchange.
While recollecting his days with the BSE, Patel said, demutalisation and corporatisation of BSE were some of the most challenging tasks in his tenure.
On the listing of the exchange, Patel said, “IPO or listing of BSE is on track, but may take some time. We do not have nay timeline pressure. One can even think of listing without an IPO. Also, we need a structure for listing. ”