Bombay Stock Exchange (BSE), a leading Indian stock market will open regional offices in Chennai, Ahmedabad, Hyderabad and Cochin as part of its continued expansion across the country, a senior officer of the exchange, has said Tuesday.
“We already have a Delhi office, we are upgrading it. We will soon open regional offices in Chennai, Ahmedabad, Hyderabad and Cochin,” said Madhu Kannan, managing director and chief executive officer.
"New Delhi and Calcutta are the other two major centers of Mumbai as investment demand is high in both cities, he said.
The West Bengal capital, he said, was an important commercial center in the east and now about 140 registered members. But less than 5 percent to change the whole thing came to the eastern region.
Kannan said the change, which had 5,700 listed companies, was trying to increase their membership.
Starting that the foreign exchange market 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.”
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