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| DSE may resume trading from next month |
| Press Trust of India / New Delhi Jul 21, 2010, 21:18 IST |
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The Delhi Stock Exchange (DSE), which has been shut for the last eight years, is set to resume trading with a final approval from market regulator the Securities and Exchange Board of India (Sebi) expected within the next 10 days, a senior official told PTI.
The exchange has completed all formalities and the final permission from Sebi is expected in the next eight to ten days, DSE Chief Executive Officer H S Sidhu said, adding the exchange may start trading within a month.
Sidhu said after approval from the market regulator, a meeting of the board of directors will be called and a final date will be decided.
He said, "We have completed preparation for the re-opening of the bourse for trading and now are waiting for the final nod from Sebi that may come within eight to ten days."
Meanwhile, the exchange has reduced the deposit-based membership fee from Rs 5 lakh to Rs 1 lakh.
Sidhu said the exchange has reduced the fee with a view to attract more members and expects to add nearly 200 deposit-based members.
The exchange has 2,800 companies listed on it and is negotiating with about seven regional stock markets to to use their trading platform, sources said.
Established in 1947, the DSE closed for trading in 2002 after business volumes dipped to near zero.
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