Denver Indian Community - DenverIndian.com
| | | | | | | | | | |
 


 

BSE recognised as a DOSM by US SEC


Maharashtra,Business/Economy


Author : Indo Asian News Service

Business/Economy, Maharashtra Read Latest News and Articles

Share With Your Friends

Add To My Favorite     Add A Picture

Add an Article

View All Contributions

Mumbai, May 16 (IANS) Stock exchange major BSE on Wednesday said that it has been recognised as a "Designated Offshore Securities Market" (DOSM) by the United States Securities and Exchange Commission (SEC).

According to the stock exchange major, the DOSM status allows sale of securities to US investors through the trading venue of BSE without registration of such securities with the US SEC and "thus eases the trades by US investors in India".

Further, BSE said that the DOSM status is expected to primarily benefit securities issued in US private placements to institutional investors.

"The availability of a liquid resale market is expected to make exempt offerings by BSE-listed companies more attractive to US investors," the exchange said in a statement.

"The recognition will also enhance the attractiveness of Indian Depository Receipts (IDRs) amongst US investors."

--IANS

rv/bg



Latest Showbiz News

View More News


More News Articles

Vajpayee 'critical', on life support system: AIIMS

'Gold': The glitter is missing (IANS Review, Rating: **1/2)

Abha Parmar part of 'Sui Dhaaga'

Milind Soman spreads message of fitness on I-Day

'Satyameva Jayate': Fascinating message but lacks the superhero punch (IANS Review, Rating: **1/2)


Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.