CSE rules out bringing in any international stock exchange

Kolkata, May 19 (UNI) Calcutta Stock Exchange Secretary P K Ray today dismissed the media report that the Exchange was bringing in two international stock exchanges in its shareholding and clarified that there was no such discussion with any Stock Exchange anywhere in the world.

'' Our strategic investor is Bombay Stock Exchange and that remains the position. In the normal course of business, we meet several counter parties and bourses and discussions take place covering many topics of possible cooperation. Regrettably, this routine information has been blown out of proportion in the media,'' Mr Ray stated.

'' The Calcutta Stock Exchange has recently restarted after demutualisation and the first task is to get it going and reach an optimal level of trading. Neither is the Board considering any new shareholding nor any new strategic investor, '' he asserted.

As for appointment of a Chief Executive, there was a laid down procedure as per which a name would be recommended to SEBI and after receipt of SEBI approval, the CSE would appoint its Chief Executive, Mr Ray informed.

UNI SJC KK KLC1758