- OTC Exchange of India
-
OTC Exchange of India Type Stock Exchange Location Mumbai, India Founded 1990 Owner OTC Exchange of India Key people Mr Praveen Mohnot, MD[1][2] Currency Indian rupee () Website Official Website OTC Exchange Of India (OTCEI) also known as Over-the-Counter Exchange of India based in Mumbai, Maharashtra.It is the first exchange for small companies.[3] It is the first screen based nationwide stock exchange in India.[4] It was set up to access high-technology enterprising promoters in raising finance for new product development in a cost effective manner and to provide transparent and efficient trading system to the investors.[5]
OTCEI is promoted by the Unit Trust of India, the Industrial Credit and Investment Corporation of India, the Industrial Development Bank of India, the Industrial Finance Corporation of India and others and is a recognised stock exchange under the SCR Act.
History
OTC Exchange Of India was founded in 1990 under the Companies Act 1956 and got recognized by the Securities Contracts Regulation Act, 1956 as a stock exchange.[6]
Reference
- ^ "Building OTCEI to be the `Nasdaq of India'". Thehindubusinessline.com. http://www.thehindubusinessline.com/2001/01/12/stories/021262pq.htm. Retrieved 2010-10-15.
- ^ "OTCEI plans growth equity market for VCFs". Thehindubusinessline.com. 2001-01-12. http://www.thehindubusinessline.com/2001/01/12/stories/021218pb.htm. Retrieved 2010-10-15.
- ^ "NSE starts discussions for SME exchange". Business-standard.com. 2009-12-17. http://www.business-standard.com/india/news/nse-starts-discussions-for-sme-exchange/379772/. Retrieved 2010-10-15.
- ^ "OTC Exchange of India,OTC Stock Exchange of India,OTC Stock Market of India,OTC Exchange Market of India". Surfindia.com. http://www.surfindia.com/finance/otc-exchange-india.html. Retrieved 2010-10-15.
- ^ "OTC Exchange chalks out revival plan". Financialexpress.com. 1999-09-18. http://www.financialexpress.com/old/fe/daily/19990918/fma18029.html. Retrieved 2010-10-15.
- ^ "General Information - OTCEI - India Finance & Investment Guide". Finance.indiamart.com. http://finance.indiamart.com/india_business_information/otcei.html. Retrieved 2010-10-15.
External links
This article about stock exchanges is a stub. You can help Wikipedia by expanding it.