BSE clarifies on Book building process

With reference to news reports appearing in some sections of the press about book building process and subscriptions to the issues of public sector undertaking, The Stock Exchange, Mumbai would like to clarify as under:

1)	It is wrong to say that BSE is propping up the new issues of the public sector undertakings and we strongly deny such reports as callous and that are without any basis or substance.
2)	There is no change in the procedure or the software used in aggregating the total bids received under the book building process for PSU’s. BSE has been consistently following the same process in regard to the multiple options chosen by the investors, which is the accepted practice.
3)	Changes, if any, will be made only in consultation with SEBI.With a view to protect investor interest, the media (both print and electronic) is requested to check their facts on BSE related issue with the Exchange prior to publishing/telecasting the same.