SEBI permits HSEL to exit

The Securities and Exchange Board of India (SEBI) has allowed the erstwhile Hyderabad Stock Exchange (now Hyderabad Securities and Enterprises Limited (HSEL)) to exit as a stock exchange.

HSEL has shifted the companies listed exclusively on it to the dissemination board of BSE Ltd. It has also set aside funds to provide for an ongoing Arbitration case.

Month: Current Affairs - February, 2013