The defunct Delhi Stock Exchange (DSE) is all set to spring back to life this October. Plans to revive the exchange are progressing and technology up-gradation is underway . The exchange, which 
has already received re-listing fee from around 300 companies , is now in the process of inviting new membership. “We have already received Rs 2 crore in listing fee,” said DSE director BK Sabharwal . In an exclusive chat with ET NOW, he said listing fee has been cut down by 50% to attract more companies. DSE is banking upon the idea that most of the arbitrage in NSE is coming from members of north India and DSE can provide a good platform for them. The exchange is currentle trying to attract shares that are not listed on BSE or any other exchange in India. When DSE’s operations came to a grinding halt eight years ago, nearly 2800 shares were listed on the exchange . “There are brokerages from northern India which have high volume on NSE and BSE. They can benefit by trading on DSE and the exchange will also gain through good volume of business,” said Mr Sabharwal . While regional exchanges are no competition to big players like NSE, it is felt that companies based out of Delhi would prefer to list on DSE. Officials of DSE expect major north-based corporates to return to the exchange when it reopens. Companies like Escorts and Escorts Finance have already indicated they will be back, Mr Sabharwal said. Similarly, DSE is also expecting prominent brokerages like SMC, JP Capital and Adroit to get active on the exchange. They have large volumes on NSE and they could be big-ticket members, Mr Sabharwal said. DSE has also received requests from 40 more applicants for its membership.
for further details visit as : economictimes.indiatimes.com/Market-News/DSE-getting-ready-for-relaunch-in-Oct/articleshow/4801942.cms
has already received re-listing fee from around 300 companies , is now in the process of inviting new membership. “We have already received Rs 2 crore in listing fee,” said DSE director BK Sabharwal . In an exclusive chat with ET NOW, he said listing fee has been cut down by 50% to attract more companies. DSE is banking upon the idea that most of the arbitrage in NSE is coming from members of north India and DSE can provide a good platform for them. The exchange is currentle trying to attract shares that are not listed on BSE or any other exchange in India. When DSE’s operations came to a grinding halt eight years ago, nearly 2800 shares were listed on the exchange . “There are brokerages from northern India which have high volume on NSE and BSE. They can benefit by trading on DSE and the exchange will also gain through good volume of business,” said Mr Sabharwal . While regional exchanges are no competition to big players like NSE, it is felt that companies based out of Delhi would prefer to list on DSE. Officials of DSE expect major north-based corporates to return to the exchange when it reopens. Companies like Escorts and Escorts Finance have already indicated they will be back, Mr Sabharwal said. Similarly, DSE is also expecting prominent brokerages like SMC, JP Capital and Adroit to get active on the exchange. They have large volumes on NSE and they could be big-ticket members, Mr Sabharwal said. DSE has also received requests from 40 more applicants for its membership.for further details visit as : economictimes.indiatimes.com/Market-News/DSE-getting-ready-for-relaunch-in-Oct/articleshow/4801942.cms
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