Metropolitan Stock Exchange of India Limited is one of the three recognised nation-wide stock exchanges in India, along with BSE and NSE, having trading terminals across cities.
The MSE, in accordance with its bye-laws, can permit dealings in equity shares of a company which is listed on other stock exchange(s). As on date, 3,063 such companies are available for dealings under `permitted to trade category’ on MSE.
“We are pleased to inform you that equity shares of your company shall also be available for trading on our platform under the “permitted to trade category”. Name and symbol for identification of the company on our platform shall be identical as on primary stock exchanges,” the MSE informed KICL in communication.
KICL, however, has not signed a listing agreement with MSE. As such, it cannot be considered as a listed entity with MSE. “As the company shall be under `permitted to trade category’ and is not listed with MSE, the company is neither required to pay any fees (event-based or annual) nor required to file any regulatory compliances, whether mandatory or optional with MSE”, the stock exchange said.
The shares of KICL are already trading on BSE and NSE.
