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Probity Research shortlisted for corporate membership of BSE
Janaki Krishnan
MUMBAI, MARCH 30: Probity Research & Services Pvt Ltd, which maintains the site of Indiainfoline.com, is among the 20 applicants shortlisted by the Bombay Stock Exchange Stock Exchange (BSE) for Corporate Membership of the exchange. According to senior officials in Probity, will be looking at a synergy with Indiainfoline, an Internet portal, offering a wide gamut of services, including investment advisory services. However, this would have to be worked out, the officials said.At present, the company will confine itself towards provide brokering services. However, there are plans to get on to the Net as well, they said. Exchange officials said that 28 bids were received by the exchange with bids ranging from a high of Rs 2.81 crore to Rs 2.31 crore. This is the first time after the securities scam that the BSE has accepted such a large number of bids, while the value of the bids are also high. Last November, bids received were of the order of Rs 2.16 crore. Among the names which have been shortlisted are some prominent ones such as Anand Rathi Securities Pvt Ltd., Keynote Capitals Ltd, Magnum Equity Broking Ltd., Triumph Retail Broking Services Pvt Ltd and Motilal Oswal Securities Ltd. Other names are - Bakliwal Financial Services India, Balaji Equities Pvt Ltd, Fortune Financial Services India, Ionic Investments Pvt Ltd., Jhunjhunwala Stock Brokers, K Damani Securities, Kolar Sharex, Networth Stockbroking, Poddar Stockbroking, Ratna Trading, Rosy Blue Securities, Sino Securities, Sunglow Leasing & Finance and Twin Earth Securities. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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