The Inter-connected Stock Exchange of India (ISE) announced today that it would submit a blueprint for corporatisation of the bourse to the market regulator Securities and Exchange Board of India (Sebi) this month.
ISE chairman M. R. Mayya, while talking to reporters, said the board of the bourse had approved the blueprint which envisaged conversion of the exchange from a company limited by guarantee into a firm limited by shares.
The scheme proposed allotment of shares to the 14 promoting stock exchanges to the extent of their initial contribution to setting up ISE.
