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15 stock exchanges to close operations on May 30

The BSE, MCX-SX and NSE and the Calcutta Stock Exchange will continue in business

May 20, 2014 8:43 IST | India Infoline News Service
Over 15 of 20 stock exchanges in India have decided to close their operations in order to meet the new networth and trading norms by May 30, according to a media report.
Over 11 regional stock exchanges (RSEs) have already submitted their exit applications to SEBI (Securities and Exchange Board of India), while the boards of four other exchanges will be meeting later this month to consider the resolutions related to closing down of operations, the report said
The Bombay Stock Exchange (BSE), United Stock Exchange, MCX Stock Exchange Ltd (MCX-SX), National Stock Exchange (NSE) and the Calcutta Stock Exchange will continue in business, the report added.

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