Metropolitan Stock Exchange of India Ltd. (MSEI), formerly known as MCX Stock Exchange (MCX-SX) has added 100 more companies to its trading platform. The exchange already has 1,100 companies listed with it under the permitted to trade category.
“This marks an important milestone in the revival of its equity segment,” said MSEI in a news release. Of the companies that have been added, many belong to regional stock exchanges, which have either shut down or are on their way to closing down operations, the exchange said.
“With the recent closures of regional exchanges, MSEI has provided a very cost effective platform for companies like us which were exclusively listed on RSE’s. This has helped us to stay listed and also provided a much required trading platform to our shareholders,” said Surender Kumar Jain, managing director of Sital Leasing and Finance, one of the companies listed on MSEI.
“We are thankful to all issuers who have chosen our exchange platform for listing and confident that many more would join in the near future. The exchange is committed to provide a low cost platform to companies while maintaining high service standards,” said Saurabh Sarkar, MD & CEO, Of MSEI.
The exchange further said that it was in talks with other companies which are keen to list on its platform.