Listing commences on MCX-SX; Dabur India first on board
MCX Stock Exchange Limited or MCX-SX, on Thursday commenced its listing services on the capital market segment of the exchange, with Dabur India being the first to come on board. To compete in a market largely dominated by NSE, the exchange is offering benefits such as no processind or listing fees to attract investors.
MCX Stock Exchange Limited or MCX-SX on Thursday commenced its listing services on the capital market segment of the exchange.
The three companies who listed their securities are Dabur India Limited (personal goods sector) , Pennar Industries Limited (industrial metal and mining sector) and DPSC Limited (electricity sector), with Dabur India being the first to come on board on India’s new stock exchange. MCX-SX obtaines market regulator Securities and Exchange Board of India's approval to trade in equities, equity futures, interest rate futures and wholesale debt products in July 10, 2012.The Capital Market and Futures and Options segments of MCX-SX were inaugurated by finance minister P Chidambaram in Mumbai on February 9, 2013.MCX-SX is now geared up to list shares of companies that are already listed on other exchanges, and also of companies proposing to come out with initial public offerings. The exchange offers benefits such as no processing or listing fee to attract investors, with two exchanges NSE and BSE already present in the market. MCX-SX charges annual listing fees significantly less than the existing industry average, the exchange claimed. This will translate into reduced cost of issuance and continuous listing for the companies listing on MCX-SX, it said in a release. Welcoming these companies on board, Joseph Massey MD & CEO, MCX-SX, said, “We remain committed to offer issuers and ecosystem intermediaries best of service standards, which will be way above the current benchmark. We would ensure continuous innovations for enhancing issuers’ experience.” Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
