Global Capital Markets

Overseas bourses eye holding in OTCEI – report Story A few overseas bourses are eyeing a holding in the currently non-functioning Over the Counter Exchange of India (OTCEI), reported the Business Standard. The newspaper did not cite any source for the specific piece of information, but said that China Shanghai Stock Exchange could be eyeing a 5% OTCEI holding, and added that AIM (Alternative Investment Market) of London and South Korean stock exchange could also be eyeing unspecified holdings in OTCEI. The paper said that a sub-committee has been set up by the Securities and Exchange Board of India for OTCEI’s revival. According to information on the OTCEI Web site, it registered a turnover of INR 3.99111bn (USD 88.7m) for the first eight months of 2001.
Source Business Standard, Company Web site