Delhi Stock Exchange to tie up with 6 regional stock exchanges

The Delhi Stock Exchange (DSE) is likely to tie-up with six regional stock exchanges, including Indore, Ludhiana, Jaipur, Ahmedabad, Kanpur and Bangalore within a month, DSE officials said.

DSE, which is gearing up to resume its operations this diwali after a gap of about seven years, is in talks with various closed regional stock exchanges across the country to provide them its trading platform.

Though there is no official confirmation on the names of the regional bourses, sources at DSE say talks with stock exchanges in Indore, Ludhiana, Jaipur, Ahmedabad, Kanpur and Bangalore are in the final stages.

"We plan to tie-up with regional stock exchanges. Talks are going on with five-six exchanges in north and south India. In the next one month, we will announce our agreements with them," DSE CEO H S Sidhu told PTI.

Sidhu said the regional bourses would become DSE members and DSE would provide them a trading platform.

DSE has also begun a campaign to rope in brokers with a membership fee of Rs 5 lakh, he said, adding it has already received 80 applications in the category. The exchange plans to add 100 new members in the current fiscal.

source - economictimes

United Spirits, McDowell Holdings delisted from Delhi Stock exchange

United Spirits Ltd and McDowell Holdings Ltd,both controlled by Vijay Mallya engaged in production and supply of liquor business, on Wednesday said equity shares of both companies have been delisted from Delhi Stock Exchange Ltd with effect from March 31, 2009.

Delhi Stock Exchange Ltd has informed the two firms that their equity shares stand delisted from the the DSE following their request in this regard, United Spirits and McDowell Holdings said in separate regulatory filing with the Bombay Stock Exchange.

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The two companies had earlier filed an application with DSE for delisting of their equity shares after seeking approval from shareholders of the said firms.

Shares of United Spirits and McDowell Holdings closed at Rs 682.25 and Rs 43.45, up 2.85 and 4.95 per cent, respectively, on the BSE.

posted under - DSE updates, United spirits updates, Indian stock markets, BSE stocks, Mcdowell updates, United spirits company updates, Vijay Mallya owned company's