Dion Global gains on launch of new technology

The new tech will integrate Chinese capital markets with the global finance community

Image
SI Reporter Mumbai
Last Updated : Oct 14 2014 | 11:28 AM IST
Dion Global solutions has gained around 5% on BSE after the company announced the launch of a new module within its NOVA suite to support the Shanghai - Hong Kong Stock Connect scheme.

The Shanghai - Hong Kong Stock Connect programme is scheduled to commence operations from mid-OCtober this year. It will allow people in mainland China to invest in foreign stocks and allow foreign investors to buy stocks in the Shanghai Stock Exchange through Hong Kong brokerage account, which are subject to annual quota. It is a significant step in the direction of integrating China's capital markets with global finance.

Dion is a financial services provider delivering compehensive range of solutions with presence in more than 80 countries.

The stock opened at Rs 96.5 abd hit a high of Rs 100 on BSE and around 1000 shares have changed hands so far. The company  is not listed on NSE.  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 14 2014 | 10:21 AM IST

Next Story