BSE declares Prime a defaulter

BSE subsidiary, Indian Clearing Corporation, has declared Prime Broking Company a defaulter, following a similar move by the National Stock Exchange's National Securities Clearing Corporation on Tuesday. 

 

Sebi regulations require that an exchange must inform other exchanges and clearing corporations in the event of a default and those in receipt of such information must act on the same. 

 

The NSE had launched a probe into the affairs of Prime related to trades in the shares of Jewelery giant Gitanjali Gems.