To safeguard the interest of investors in firms listed solely on exiting bourses, BSE has placed as many as 50 companies listed on Vadodara Stock Exchange to the dissemination board (DB).
The move, which is effective from Friday, would allow buyers and sellers of the securities of these companies to disseminate their bids or offers using the services of trading members at BSE. The decision follows after the capital markets regulator Sebi allowed Vadodara Stock Exchange to exit the business.
In a circular, BSE said “50 companies which are exclusively listed on Vadodara Stock Exchange will be available on Dissemination Board of BSE from Friday November 13, 2015.” Among the firms are Alps laboratories, Baroda Polyplast, Bharat Parenterals, Kanoria Capital Services, Whiteway Products and Quality Steels and Forgings.
BSE's DB is an information disseminating mechanism made available on the bourse's website for buyers and sellers of the companies.