DSE revives subsidiary plan
New Delhi: The Delhi Stock Exchange (DSE) has decided to float a subsidiary with initial contribution from member brokers towards its paid-up capital.

The subsidiary will take a Bombay Stock Exchange (BSE) membership to facilitate its members to trade on the Mumbai bourse.

The Sebi board, which is scheduled to meet on December 14, is also likely to take a final view on demutualisation.

Both the BSE and DSE board have already given an in-principle approval for the merger of the two exchanges. BSE is also scheduled to make a presentation to the members of DSE on the trading facilities that would be provided to them next week.
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