Friday, May 18, 2012   SENSEX :   16152.75  [+82.27]    B H E L :   201.40  [-4.30]    Bajaj Auto :   1532.95  [-41.40]    Bharti Airtel :   297.30  [-1.00]    Cipla :   315.95  [+2.05]    Coal India :   303.15  [-3.30]    DLF :   186.20  [+1.35]    GAIL (India) :   317.45  [+6.60]    H D F C :   634.70  [+1.90]    HDFC Bank :   500.45  [+3.10]    Hero Motocorp :   1870.60  [-19.40]    Hind. Unilever :   430.90  [+2.40]    Hindalco Inds. :   108.00  [-0.80]    ICICI Bank :   805.05  [+17.80]    Infosys :   2385.40  [+14.05]    ITC :   239.20  [+4.35]    Jindal Steel :   470.30  [+8.30]    Larsen & Toubro :   1161.65  [-1.70]    M & M :   643.95  [+7.80]    Maruti Suzuki :   1165.10  [-39.90]    NTPC :   145.25  [+3.15]    O N G C :   248.75  [+2.55]    Reliance Inds. :   688.65  [+3.55]    St Bk of India :   1942.00  [+93.90]    Sterlite Inds. :   100.95  [+2.35]    Sun Pharma.Inds. :   581.80  [+1.55]    Tata Motors :   260.10  [-11.00]    Tata Power Co. :   91.40  [+0.35]    Tata Steel :   399.85  [-6.00]    TCS :   1211.45  [-8.85]    Wipro :   390.80  [+0.55]    
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About Banglore Stock Exchange

Background

The Bangalore Stock Exchange Limited (BgSE), established in 1963, is the one of the leading Stock Exchanges of India. BgSE is a Self Regulatory Organisation located in the garden city of India. The Exchange is managed by the Governing Board consisting of three Public Interest Directors nominated by Securities Exchange Board of India (SEBI), Six Shareholder Directors (elected by Poll), three Trading Member Directors (elected from amongst members through poll) and Executive Director.

BgSE has been proactive in keeping pace with the emerging technological and financial market trends and is fully computerized. BgSE launched its own BEST (Bangalore Electronic Securities Trading), its On-line trading system on 29th July 1996, the first exchange to do so in the South India. Over the decades, it has been a journey of progress and has emerged as a premier Exchange in India. However, with the advent of NSE in 1997, the trading volumes in all the Regional Stock Exchanges dropped significantly and all the exchanges stopped their operations in 2001-02. In order to compensate the loss of business to the Trading Members of the Regional Exchanges, SEBI permitted the Exchanges to float Subsidiary Companies and take membership in NSE and BSE, to enable the members to trade. Accordingly, BgSE floated its Subsidiary M/s.BgSE Financials Ltd in 2001-02 and acquired membership from NSE and BSE and allowed its members to trade.

In 2005, Securities and Exchange Board of India (SEBI) notified and approved a Demutualisation scheme, under which it became mandatory for all stock exchanges to operate as a company limited by shares and where at least 51% of the equity shares were to be held by shareholders other than shareholders with trading rights. BgSE has been proactive in meeting with the new demutualization scheme with a current share holding of 62.15% public and 37.85% members with no individual investor holding more than 5%. Exchange is in the process of entering into Sec.13 tie-up with NSE & BSE, to enable members to trade directly on their platforms.

Members

The Exchange has 257 members serving the diverse needs of investors. The corporate members constitute more than 45% of the total membership of the Exchange.

Listing

The securities listed at the Exchange include a number of seasoned Corporates from different sectors of industry. As on 31st December 2011, the number of companies listed on the Exchange is 307 consisting of 147 regional and 160 non-regional companies.

Investor Services Centre

With a view to support the investors to resolve their grievances expeditiously, Exchange has established a Investor Grievance Redressal Committee comprising of Public Representatives, Public Interest Directors and Executive Director and they take appropriate steps for amicable settlement.

Investor Information Centre

The Exchange has established a well equipped Library and Investor Information Centre to cater to varied information needs of investors, corporate members and others. The Centre has a collection of wide range of books, periodicals, journals, annual reports, prospectus and research publications relating to Capital markets. Circulars, notifications issued by various regulatory authorities are available. Draft prospectus, offer documents and other related informations are displayed regularly.

In addition, information on over 4000 companies is available in the Corporate data-bank for investors, corporates and members to help them in investment decision making process. This data bank consists of details of promoters, previous public issues, track record, digital form annual reports, financial performance of companies. Fundamental analysis and Technical analysis, other general information on industry, sector and economic scenario etc., are available.

Education and Training Centre

Empowerment of investors through education is the focus of the Exchange. The Exchange has established an exclusive investment education centre to cater to the needs of the market participants. This Centre conducts regular and intensive training sessions, seminars and workshops through several short and long duration programmes. In addition to this, the Exchange continuously holds monthly Investors Meet at Bangalore on last sunday of every month on various current topics and issues.

Subsidiary Company

The Subsidiary Company viz. BgSE Financials Limited (BFSL) has been successful in enlarging its client base both in terms of trading activities as well as depository, since its inception in 2001-02. BFSL has achieved a significant milestone under Depository division by crossing 1,00,000 client accounts. BFSL is also a Category I SEBI registered "Registrar and Share Transfer Agents" and also accepting membership with trading rights without voting rights via the parent exchange, Bangalore Stock Exchange Ltd.

Exchange is also actively canvassing to issue Deposit based Trading membership and thereby to increase the trading turnover and in turn revenues of BFSL and BgSE.