The Hindu Business Line : New-look DSE to resume operations in 3 months

Ahmedabad, Aug. 21 Trying to catch up with big brothers BSE and NSE, the Delhi Stock Exchange (DSE) is gearing up to resume trading operations between October 15 and November 15, starting with the cash segment and targeting to achieve a daily turnover of Rs 1,000 crore in the first sixth months.

Sporting a new-look, complete with a new logo, and latest technology, the only thing “old” is its name, the DSE, said an official here. In April 1992, the DSE index had crossed the 1,000 mark and its all-time-high trading volume was Rs 9,648.69 crore in September 2000.

Now it is going to launch a brand new index in the next six months. It currently has 479 members and, with broker fee being only Rs 13.7 lakh, another 150 are expected to be added soon.

Tie up with regional SEs

Futures and options would be focused upon in the next three years. It is also tying up with regional stock exchanges (RSEs), such as its counterpart in Ahmedabad, where officials from the two exchanges met today to synergise their revival efforts.

But the RSEs would continue to retain their identities. “We want to join hands with them for their trading on the DSE platform as well as reviving inactive shares. Our effort is not consolidation of exchanges but strengthening the RSEs.”

Incorporated as a limited company in 1947, trading on DSE was shut down in 2002 due to low volumes and demutualisation completed in 2007. The DSE is the first stock exchange to re-launch itself post-demutualisation process.

SME focus

It plans to focus on the small and medium enterprises (SMEs) in line with the SEBI’s observations on this issue and the public sector units in north and central India, Mr Dushyant Chauhan, Head (Marketing and Communications), told Business Line here.

Its transaction charges would be half of the current rates.

It would have a single-window service for the listing of securities at DSE. Its listing fee would be a maximum of Rs 1.50 lakh but the SME should have a paid-up capital of Rs 3 crore, Mr Chauhan said.

The DSE has a fund reserve of Rs 104 crore and cash and bank balance of more than Rs 80 crore.

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