BSE Group donates Rs. 25 lacs towards Kerala Chief Minister’s Distress Relief Fund
Mumbai: 07 September 2018: BSE group and its employees are saddened and sorry to see the unprecedented loss of human life and property caused in Kerala due to heavy rainfall, landslides and floods. As a token of support to the people of Kerala, BSE group and its employees today donates Rs 25 lacs towards the Chief Minister’s Distress Relief Fund, Kerala.
Shri Ashishkumar Chauhan, MD & CEO, BSE said “Our thoughts and prayers are with the people of Kerala in these difficult times. Our hearts go out to those who have lost their life and their homes due to this natural calamity.”
BSE prayers and wishes go with the people who have lost their loved ones and livelihood and savings due to this calamity. The media coverage of the disaster has given BSE an insight into the extent of unprecedented damage and loss in terms of life and infrastructure in the State. BSE would like to convey their appreciation to Central Government, State Government, members of the armed forces as well as civil groups for effective rescue and relief operations under very harsh conditions. BSE realise that the Government of Kerala would have to help people of Kerala in rebuilding their lives and livelihood and at the same time also rebuilding necessary infrastructure lost during the disaster.
Shri Nayan Mehta, Chief Financial Officer, BSE handed over the cheque to Shri E. P. Jayarajan, Minister for Industries, Sports and Youth Affairs, Kerala on behalf of the BSE group & its employees.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
For more details on this release, please contact:
Yatin Padia – 022 2272 8516 / Rahul Vyas – 022 2272 8472