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NSE moves ahead towards listing

India Blooms News Service | | 23 Aug 2016, 01:00 pm
Mumbai, Aug 23 (IBNS): India’s largest stock exchange, NSE, has moved closer to listing its shares, an official released confirmed.

The exchange is committed to list its shares at the earliest possible time frame.

"As a step towards the same, the Board of NSE in its meeting held on Aug 22, 2016, decided to engage the following four Joint Global Co-ordinators viz., Citigroup Global Markets India Private Ltd, JM Financial Institutional Securities Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and Legal Advisor viz., Cyril Amarchand Mangaldas," the release stated.

"The Board also approved the appointment of Price Waterhouse & Co, Chartered Accountants LLP as Joint Statutory Auditors for the financial year 2016-17 along with the current statutory auditors and as sole Statutory Auditors for the financial years 2017-21, subject to the approval and ratification of shareholders as may be applicable," the release added.

NSE is expected to gain further momentum following the implementation.

The national Stock Exchange said it will consider appointment of more banks for additional roles as may be felt expedient.

 

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