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MR Mayya to continue as chairman of ISE
Our Markets Bureau
Mumbai, Jan 22L: Mr Mayya has been re-appointed as the chairman of Inter-connected Stock Exchanges of India Ltd (ISE). Mr Mayya, who was former executive director, BSE and additional economic advisor ministry of finance, Government of India, has been associated with the formation of ISE right from its inception since 1969.ISE has been promoted by 15 stock exchanges and has over 1,000 traders and dealers spread across 70 cities. ISE has also floated a wholly-owned subsidiary called ISE Securities and Services Ltd (ISS), which is a member of the National Stock Exchange (NSE). ISE is planning to enable trading in mutual fund units and also IPOs through its retail distribution channel. It has also entered into a strategic alliance with stock exchanges, banks and other support agencies to ensure a national level support system for movement of funds, securities and also for maintenance of its infrastructure across the country. Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
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