Markets regulator Sebi allowed Delhi Stock Exchange (DSE) to exit the stock bourse business following a request from the exchange.
Share Market Tips- DSE made a request to Securities and Exchange Board of India (Sebi) in May 2014 for exiting the stock exchange business.
The regulator has asked the DSE to change its name and not to use the expression "stock exchange" or any variant of this expression in its name, among other things.
DSE, formerly known as Delhi Stock Exchange Association Ltd, was incorporated in 1947. It was later granted permanent recognition on March 1, 1982, as a stock exchange.
Sebi, in May 2012, had issued the guidelines for exit of stock exchanges.