Finding "serious irregularities" in the functioning of Delhi Stock Exchange, Sebi on Wednesday withdrew the recognition granted to the bourse.
Delhi Stock Exchange's (DSE) struggle to end its life without hurting the diverse interests of its multiple stakeholders will continue into another year.
The Delhi Stock Exchange, which was closed around eight years back due to a variety of reasons, will re-start operations in the next two months.
The Foreign Investment Promotion Board, the nodal body for approving foreign direct investment in the country, has given its nod to a proposal from Germany-based Deutsche Bank to buy a 5 per cent stake in the Delhi Stock Exchange.
Gives 90 days time to dispose stake in four entities.
Mayur Uniquoters Ltd will delist equity shares of the company from Ahmedabad and Delhi stock exchanges.
Oswal Overseas Ltd board will meet on March 12 to consider delisting of shares from Delhi Stock Exchange, Mumbai Stock Exchange and Ludhiana Stock Exchange.
Even as the MCX Stock Exchange and the Delhi Stock Exchange are hoping to launch equity trading on their platform soon, another Mumbai-based exchange, the Inter-connected Stock Exchange is set to follow suit.
Financial Technologies India Ltd, media house TV18 and Liberty Shoes are among the seven bidders interested in buying a stake in Delhi Stock Exchange as the defunct bourse gets ready to restart operations.
The DSE Association has changed its status to DSE Ltd to facilitate its process of demutualisation and listing on the leading bourses of the country, Bharat Bhushan Sahni, the chairman of DSE Demutualisation Committee, said.
The government on Monday gave its approval for 19 foreign direct investment proposals amounting to Rs 726.88 crore (Rs 7.268 billion), which include Global Broadcast News Ltd's proposal to sell 26 per cent stake for Rs 500 crore (Rs 5 billion).
Four years after delisting its shares from the Delhi Stock Exchange, real estate behemoth DLF is knocking at the capital market again selling shares at - hold your breath - 837 times the valuation at which it exited the stock market. Should you buy?
The exchange may now look to its real estate business for cash flows
Overall, the positives in favour of ONGC seem to outweigh the negatives from a long-term perspective.
Having sounded a 'high alert' on volatile movements in the market and to save small investors, Sebi chairman G N Bajpai will launch a practical guide for household investors, prepared by the Delhi Stock Exchange, in New Delhi on Saturday.
India can achieve a 7 per cent growth in GDP this fiscal with strong economic fundamentals, reforms and a buoyant capital market, Securities and Exchange Board of India chairman G N Bajpai said on Saturday.
DSE keen to merge with regional bourses
Sebi has allowed the Delhi Stock Exchange members to trade on the National Stock Exchange as part of the efforts to bring liquidity and life to the ailing bourse, which has remained almost tradeless for the last two years.
The Securities and Exchange Board of India, on Wednesday, directed Jignesh Shah-led FTIL to sell shares in MCX-SX and other entities within 90 days on the ground that it was not 'fit and proper' to own stakes in any exchange.