Leading bourse BSE today decided to revise the transaction charges on securities traded on certain groups of the equity segment from January 1, 2016.
The revised transaction charges have been made for securities in 'XC', 'XD', 'XT' and 'Z' groups. A transaction charge of Rs 10,000 per crore of gross turnover for both active as well as passive trade orders would be implemented for these groups.
XC, XD and XT are new sub segments introduced recently by BSE and includes securities of companies based on specific characteristics such as low to moderate market capitalisation, lower contribution to overall trading turnover.
Besides, the Z group includes companies, which have failed to comply with its listing requirements and failed to resolve investor complaints, among others.
"The revision in transaction charges are applicable to scrips in the groups specified...And there shall be no change in the transaction charges on scrips from other groups," BSE said in a notice today.
Besides, BSE said transaction charges in 'ZP' group shall continued to be levied at the rate of Rs one lakh per crore of gross turnover.
This levy is applicable on T day and the same reflects in the transaction charges report made available to members at end-of-day.
"For cases wherein the settlement pay-in has been made in demat mode on T+2 day in such securities, the exchange would provide transaction charge offset at the time of processing of monthly transaction charge debit," BSE said.
"Trading members may note that exchange shall revise the transaction charges in equity segment with effect from January 1, 2016," it added.
On a question on Chauhan being a contender for post of
chief executive at NSE, the BSE CEO said that the reports are speculative. The post of NSE managing director and CEO is lying vacant following a surprise exit of Chitra Ramkrishna.
There are an estimated 9,000 shareholders in BSE, where originally mostly brokers held shares. However, a host of foreign investors and domestic financial institutions have acquired shares over the years and the IPO will provide some of them an exit window to monetise their assets.
BSE shares will be listed on NSE as Sebi rules do not allow self-listing for an exchange.
Meanwhile, rival NSE had filed draft papers with Sebi last month for an estimated Rs 10,000 crore IPO.
The BSE issue is being managed by Edelweiss Financial Services, Axis Capital, Jefferies India, Nomura Financial Advisory and Securities (India) Pvt, Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capitals.
Multi Commodity Exchange of India is the only listed bourse in the country.
