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BSE Limited Chairman's Speech > Engineering - Heavy > Chairman's Speech from BSE Limited - BSE: 0, NSE: BSE

BSE Limited

BSE: 0|NSE: BSE|ISIN: INE118H01025|SECTOR: Miscellaneous
BSE Limited is not listed on BSE
Dec 06, 15:51
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VOLUME 37,889
Chairman's Speech (BSE Limited) Year : Mar '07
Dear Shareholders,
 The year April 2006 - March 2007 has been a landmark year for the
 Bombay Stock Exchange Limited. Under the BSE (Corporatisation and
 Demutualisation) Scheme, 2005 notified by Securities and Exchange Board
 of India (SEBI) on May 20, 2005, the Exchange completed the
 demutualisation exerercise in the month of May 2007, bringing about
 separation of ownership and management. This was a watershed event in
 the long history of the Exchange.
 I wish to personally congratulate all stakeholders on this
 transformation, which is in line with what various stock exchanges have
 done internationally.
 I am happy to report that there was overwhelming interest shown by
 overseas investors as also by domestic investors in acquiring a stake
 in the Exchange. The robust valuation that the Exchange received is an
 expression of confidence by the investors in the capabilities of the
 Exchange and a recognition of its potential.
 Going forward, we remain committed to delivering superior returns to
 all our stakeholders.
 The year 2006-07 has also been a landmark year in terms of the
 performance of the Indian capital markets. India continues to attract
 significant capital inflows resulting in ever higher levels of Sensex
 and most other BSE indices. The Sensex closed above the milestone mark
 of 15,000 points for the first time in its history on 9th July 2007,
 our Foundation Day. The strong performance of the markets is
 underpinned by robust performance of the economy and impressive
 corporate results.
 Last year, I had mentioned the need to revive the F&O segment. During
 the year under review, a strategy for increasing volumes in this
 critical segment was devised and initial indications are that some
 increase has been achieved in volumes under this segment. I am sure the
 year ahead will enable us to garner a higher market share in this
 critical area.
 I take this opportunity to express my gratitude to all stakeholders for
 their whole-hearted co-operation and guidance in this critical phase of
 transformation that the Exchange is going through and look forward to
 your continued support to the Exchange in the future.
 Warm regards,
                                                       Jagdish Capoor
 8th August, 2007
Source : Dion Global Solutions Limited
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