| The proposed tie-up is likely to help about 4,000 companies listed in these local exchanges to increase their networth, whose capital is blocked at the moment, and will also benefit their shareholders. Trading is expected start within five months once the tie-up is made. |
| Currently, trading is not being done in all these four exchanges. Hence, if the talks succeed, it will be a major step in reviving the exchanges as well. |
| Speaking to Business Standard, LSE chairman SP Sharma, who was in the city to address an 'investor awareness' workshop, said: "The proposed tie-up is likely to be completed very soon and we expect that the trading will start within five months. Although we have agreed in principal, the formal tie-up is still to be made. At present, about 3,200 companies are listed in Delhi Stock Exchange, 300 companies each in Ludhiana and Kanpur exchanges and the rest in Jaipur stock exchnge. The tie-up will help all these companies in increasing their networth while helping their shareholders too." |
| "For starting the trading, we have asked the software companies to send their estimation," he added. |
| "With the commencement of trading, we expect to have 20,000-25,000 DP (depositary participant) account holders initially and it can go upto 100,000 account holders in due course of time," he added. |
| He also added that the exchange had filed an application to the SEBI for starting DP facilities at the LSE. He said, "Currently, we have 40,000 DPs and once SEBI grants us approval, we expect to have 100,000 DP account holders." |
| Currently, the LSE, through its subsidiary LSE Securities Ltd, has a turnover of Rs 500-700 crore a day. This includes the trading volumes of the capital market segment of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) and the futures and options (derivatives) segment of the NSE. |
Top Section
Explore Business Standard