Shareholders approve closure of BSE

As was widely expected, shareholders of the Bangalore Stock Exchange unanimously approved the ‘voluntary dissolution’ of the 50-year-old institution on Saturday.

“A formal letter will be sent to the SEBI on Monday,” said a senior BgSE official. Saturday’s authorisation was a mandatory requirement, which would pave the way for the exchange’s eventual exit.

  • Sub-committee to explore options to enter into ‘non-exchange activities’

  • BgSE Financials to continue as an independent corporate broking entity

  • More In: Today's Paper