Mumbai, Feb 11: The Inter-connected Stock Exchange of India (ISE) has started a drive to spread awareness amongst the companies located within its jurisdiction on listing compliance in the changing scenario. The exchange, which has recently got the regional exchange status, would conduct the awareness drive as the market regulator Securities and Exchange Board of India (Sebi) has initiated several changes in the listing agreement to make it more comprehensive to meet the requirements of the dynamically changing corporate governance scenario.ISE chairman MR Mayya said, "ISE would do its best to be a proactive facilitator in enabling the companies to reach higher level of compliance of listing agreement which would ensure greater investor protection and awareness."
Highlighting on the advantages of listing with ISE, ISE managing director Joseph Massey said "ISE would give priority to quality and not quantity while allowing listing. Companies can take advantage of the vast network of ISE and can approach the five local offices of ISE to get listing compliance. The exchange would play a part in marketing by providing information of listed companies on its website and on its newsletter."
According to ISE joint MD V Shankar, "ISE would emerge as a major infrastructure provider for trading in securities. The exchange is planning to use their robust secondary market infrastructure to market IPOs of the companies across the country." If the companies plan to tap the capital market, ISE is very much optimistic of its new IPO segment and also for listing of companies within its area of jurisdiction, which has a good mix of new and old economy companies.
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