LUDHIANA, January 30: With the Inter-Connected Stock Exchange (ISE) scheduled to start operations from May this year, the Ludhiana Stock Exchange (LSE) has yet to take a final decision on whether to merge with Delhi Stock Exchange (DSE) or join the ISE."LSE has kept the options open and is talking to its members for the best option," LSE president Jaspal Singh said. Before taking a final decision, we will look into the benefits of our members and see which exchange provides us better service, Singh said. LSE, which is one of the 14 exchanges that have promoted ISE, has the option of either merging with DSE or joining ISE as a member.
The major problem which has cropped up in the merger with DSE is the swap ratio of the membership tickets. After the merger LSE will have to ask some of its members to return their membership to the exchange. LSE has 290 registered members and out of this 140 are operational with a daily turnover of over Rs 20 crore per day.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
