July 28, 2014 12:32 PM ET

Diversified Financial Services

Company Overview of Ludhiana Stock Exchange Limited

Company Overview

Ludhiana Stock Exchange Limited provides regional stock exchange services to the general public, investors, and brokers in India. It offers securities listing, investor service center, investor protection fund, and investor educational seminar services; www.lse.co.in, a Website that provides information about the market commentary, research reports about companies, status of international markets, and modules for Internet trading, as well as information about listed companies, and brokers and sub-brokers of the exchange and its subsidiary; and various education and training services, such as various certification programmes in capital market. The company also provides markets services, such ...

Feroze Gandhi Market

Ludhiana,  141 001

India

Founded in 1981

Phone:

91 16 1241 2316

Fax:

91 16 1240 4748

Key Executives for Ludhiana Stock Exchange Limited

Co-founder
Age: 72
Co-founder
Age: 91
Accounts Head
General Manager
Compensation as of Fiscal Year 2014.

Ludhiana Stock Exchange Limited Key Developments

CSE Planning to Acquire Clearing Corporation

The Calcutta Stock Exchange Association Ltd. (CSE) is planning to acquire a clearing corporation. With the Securities Exchange Board of India (SEBI) threatening to close CSE, efforts are being made to revive it. Sources indicated that CSE is also keen to acquire a stake in a clearing corporation in order to stay afloat. After forging tie-ups with, Madhya Pradesh Stock Exchange Ltd., OTC Exchange of India (OTCEI), Ludhiana Stock Exchange Limited, to take over their operations, CSE has proposed tie-ups with Uttar Pradesh Stock Exchange Association Limited and Jaipur Stock Exchange Limited. CSE's Managing Director and Chief Executive, B Madhav Reddy said, “We have partnered four regional exchanges. We proposed tie-ups with UP and Jaipur stock exchanges. The MoUs are finalized and the two exchanges are awaiting their respective board approvals.”

Ludhiana Stock Exchange Limited Announces Management Changes

The board of directors of the Ludhiana Stock Exchange Limited accepted the resignation of Vishal Gumbar, chairman while three other employees - general manager Amanpreet Kaur, accounts head Jasmeet Singh and clerk Rajesh Pathak - have been suspended, besides being told to cooperate in the inquiry.

LSE To Consolidate With CSE

Ludhiana Stock Exchange Limited (LSE) has expressed interest in consolidation with The Calcutta Stock Exchange Association Ltd. (CSE). B Madhav Reddy, Managing Director and Chief Executive of CSE, said, "We recently received communiqué from the Ludhiana Stock Exchange, that they are interested for consolidation with CSE. They have asked for certain concessions, which we are looking into." Also V P Gaur, Chairman of Ludhiana Stock Exchange, said, "Securities and Exchange Board of India does not feel that regional stock exchangess should exist, so we either have to voluntarily shut down or look for consolidation. CSE is the only regional stock exchanges to meet the Sebi criteria. So, we have sought a consolidation. However, this is not a final decision, as we have sought some clarifications from CSE."

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