BSE shifts 9 cos of Bangalore SE to dissemination board
01/09/2014 07:19
In order to protect the interest of investors of companies listed only on de-recognised exchanges, BSE has shifted nine companies listed on the Bangalore Stock Exchange to its dissemination board. It will help buyers and sellers of the securities of these companies to disseminate their bids/offers using the services of the trading members of BSE, as per ET report. Bangalore Stock Exchange is in the process of exiting as a bourse and in view of the same, the nine firms, listed exclusively on the exchange, had been admitted to BSE dissemination board earlier this week. The nine companies shifted to dissemination board are - Cochin Plantations, Kap Chem Ltd, Kap Steels, Fourenn Apparels, Polar Investments, Raasula Securities, Mysore Vegetable Oil Products, Agro Extracts Ltd and Synfosys Business Solutions. According to a circular BSE said, "Trading Members are requested to note that the companies admitted to BSE Dissemination Board are not listed with BSE (are treated as unlisted companies). There will be no listing agreement executed by BSE with these companies." Further, the exchange also said that there would be no monitoring of any compliance with respect to filings made by these firms and that information received from them would be disseminated on the dissemination board platform.
01/09/2014 07:19
In order to protect the interest of investors of companies listed only on de-recognised exchanges, BSE has shifted nine companies listed on the Bangalore Stock Exchange to its dissemination board. It will help buyers and sellers of the securities of these companies to disseminate their bids/offers using the services of the trading members of BSE, as per ET report. Bangalore Stock Exchange is in the process of exiting as a bourse and in view of the same, the nine firms, listed exclusively on the exchange, had been admitted to BSE dissemination board earlier this week. The nine companies shifted to dissemination board are - Cochin Plantations, Kap Chem Ltd, Kap Steels, Fourenn Apparels, Polar Investments, Raasula Securities, Mysore Vegetable Oil Products, Agro Extracts Ltd and Synfosys Business Solutions. According to a circular BSE said, "Trading Members are requested to note that the companies admitted to BSE Dissemination Board are not listed with BSE (are treated as unlisted companies). There will be no listing agreement executed by BSE with these companies." Further, the exchange also said that there would be no monitoring of any compliance with respect to filings made by these firms and that information received from them would be disseminated on the dissemination board platform.