The merger of the United Stock Exchange (USE) and Bombay Stock Exchange (BSE) will result in the former's promoters, many of whom are banks, become owners of BSE, BSE CEO Ashishkumar Chauhan told CNBC-TV18's Aastha Maheshwari.
Although in a minor way but this will bring some sort of ownership framework into people's minds.
Ashish Kumar Chauhan
MD
BSE
The merger of the United Stock Exchange (USE) and Bombay Stock Exchange (BSE) will result in the former's promoters, many of whom are banks, become owners of BSE, BSE CEO Ashishkumar Chauhan told CNBC-TV18's Aastha Maheshwari in an interview.
The merger has already received approval from the Competition Commission of India.
"Although in a minor way but this will bring some sort of ownership framework into people's minds and it will go a very long way in supporting BSE which has been trying to ensure that it is able to provide liquidity to every type of markets," Chauhan said.
"Also, the USE's members who were not members of BSE would also be able to now trade on BSE."
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USE merger to help BSE push liquidity to market: CEO
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