Bombay Stock Exchange eyes regional offices across country
March 22nd, 2011 - 5:45 pm ICT by IANSKolkata, March 22 (IANS) The Bombay Stock Exchange (BSE), a leading Indian bourse, will open regional offices in Chennai, Ahmedabad, Hyderabad and Cochin as part of its ongoing expansion operations across the country, a top executive of the exchange said Tuesday.
“We already have a Delhi office, we are upgrading it. We will soon open regional offices in Chennai, Ahmedabad, Hyderabad and Cochin,” Madhu Kannan, managing director and chief executive officer, told reporters after opening a regional office here.
“Kolkata and Delhi will be the two other important hubs out of Mumbai as investment demand is high in the two cities,” he said.
The West Bengal capital, he said, represented an important trading hub in the east and currently had about 140 registered members. But less than 5 percent of the exchange’s total business came from the eastern region.
Kannan said the exchange, which had 5,700 listed companies, was looking for membership increase.
Stating that the exchange’s market share was 12-13 percent, Kannan said: “Our goal is to increase membership in Tier II and Tier III cities and become the top one or two market players in the country.
He said the exchange will provide incremental services to the companies registered with it. “Our aim is to stabilise our products. For that banks’ and the trading communities’ participation is necessary.”
- India is focus for world's largest serviced residence operator - Aug 07, 2011
- Air India owes Rs.2,310 crore to oil firms - Nov 23, 2011
- Bata to focus on tier II, III cities, rural markets - Jun 28, 2011
- Singapore Airlines cuts fares for summer tourism - Apr 05, 2011
- Toronto, London stock exchanges to merge to form new global giant - Feb 09, 2011
- New stock exchange begins operations in Mumbai - Sep 20, 2010
- Toronto, London stock exchanges set merger vote date - May 26, 2011
- Reliance Brands to open 37 more stores by December - Mar 08, 2011
- Tough year for realty, no respite seen in short-run (2011 in Retrospect) - Dec 29, 2011
- Hindware opens first store in south India - Jun 16, 2011
- 'India aiming to be among top five aviation markets' - Mar 14, 2012
- Air Arabia bags Indian award - Dec 28, 2011
- Suzuki launches 805cc cruiser bike - Nov 28, 2011
- Hotel prices fell by 17 percent: Report (Business Capsule) - Sep 16, 2009
- Westinghouse forays into India, to invest Rs.70 crore - Nov 11, 2011
Tags: bombay stock exchange, bourse, chief executive officer, cochin, delhi office, designation, hubs, hyderabad, important trading, investment demand, managing director, market share, membership increase, mumbai, regional office, regional offices, s market, tier ii, top executive, west bengal