SGX liaises in India 22 July 2014India Reporter: Tammy Facey
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Singapore Exchange has opened a liaison office in India.
The office, which will be run by SGX chief representative Neena Parsad, will provide information and act as a communication channel to support raising capital, through listings of stocks, bonds, business trusts and/or depository receipts, by Indian companies in Singapore.
Magnus Böcker, CEO of SGX, said: “The opening of our India office re-affirms SGX's long-standing commitment to India.”
The new office will also build on SGX’s relationship with the National Stock Exchange of India (NSE), which began in 2000 when both firms collaborated to develop the international futures market.
In 2007, SGX took a 5 percent minority stake in the Bombay Stock Exchange (BSE).
“We will continue to strengthen our partnership with NSE as we grow the Nifty franchise internationally. As a stakeholder in BSE, we will support the exchange by bringing efficiency with new initiatives and IPOs,” said Böcker.
“Our India office will enable us to better support Indian enterprises seeking to raise capital. We look forward to working with partners in India to assist companies in reaching out to the international investment community. "
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