April 24, 2014 6:14 AM ET

Capital Markets

Company Overview of United Stock Exchange of India Limited

Company Overview

United Stock Exchange of India Limited, a stock exchange, intends to offer trading in currency derivatives. The company was incorporated in 2008 and is based in India.

25th Floor (West Wing) Phiroze Jeejeebhoy Towers

Dalal Street

Fort Mumbai,  400001

India

Founded in 2008

Phone:

91 22 4244 4999

Fax:

91 22 2272 2303

Key Executives for United Stock Exchange of India Limited

Managing Director
Head of Finance & Account and Human Resources
Deputy Chief Executive Officer and Chief Operating Officer
Head of Operations & Technology
Chief Regulatory Officer
Compensation as of Fiscal Year 2013.

United Stock Exchange of India Limited Key Developments

United Stock Exchange In Talks To Be Acquired By BSE

United Stock Exchange of India Limited is in talks to be acquired by BSE Ltd. two people close to the development told ET. BSE already holds a 15% stake in USE. BSE and USE did not reply to an email seeking their response to queries, according to ET.

USE In Talks To Acquire DSE

United Stock Exchange of India Limited (USE) is in talks with management of Delhi Stock Exchange Association Ltd. (DSE) to acquire Delhi Stock Exchange. DSE executive said, “The DSE has a good number of listed companies. It will give the USE a head start in the space. The USE is cash rich. If the merger materializes, it will unlock value for all stakeholders. The talks are in preliminary stages.” Business Standard reported that USE official declined to comment. The minutes of DSE stated that chairman informed the board had examined various options and told shareholders there had been preliminary talks in respect of a merger between the USE and DSE. VK Kapur, a DSE shareholder said, “The idea of a regional exchange is passed. Today, you can trade from any corner of the country, even from London, through your mobile phone. They are just wasting time and money.” Saurabh Chugh, DSE shareholder said, “They are interested in the land and buildings valued between INR 2 billion to INR 2.5 billion, and the settlement guarantee fund and other reserves of INR 700 million. It will be better for small shareholders if the exchange is wound up, according to SEBI guidelines.”

United Stock Exchange of India Limited Appoints Saurabh Sarkar as MD and CEO

United Stock Exchange of India Limited announced the appointment of Mr. Saurabh Sarkar as the new MD & CEO of the organisation with effect from July 25, 2012. Mr. Sarkar brings extensive experience in Forex and Derivatives market. Mr. Sarkar joins the Exchange after having gained around 17 years of Foreign Exchange, Money Market & Interest Rate Derivative experience with banks like ANZ Grindlays, Standard Chartered & Credit Agricole. He was most recently heading a multi asset class pan India Sales team for France based Credit Agricole’s Markets business.

Recent Private Companies Transactions

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