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In the investor section we
give you the news from the investor world.
London Stock Exchange to list three city based firms.
"Nothing is constant but change" and "Survival of the fittest", probably these are the two most famous
propositions by Marx and Darwin respectively seem to fit London Stock
Exchange (LSE).
London stock exchange has around 19 Indian companies listed in it. To upgrade and compete the world's best exchanges, LSE team has toured India
in the last week of July, and is looking at 40 more companies to its list. The team came down to India under the Global Business development head for
Asia division at LSE,
Ms.Goodman.
What does it have in store for Hyderabad? Talks are going on to add three Hyderabad based companies to
London Stock exchange. There is every chance that because of the existing competition in Information Technology and the stability of Pharmacy related companies, the deal could be made with companies who are on both
the sides.
The London Stock exchange has a screen-based training system for international securities. LSE feels that it
can give better access to Indian companies in competing in a global market. "The LSE rules are very simple but Strict" says
Ms.Goodman. Certain rules like three year stock history of the company and one quarter share with the public are necessary for a company to be embedded in LSE as it is the case of security and liquidity for the investors.
With the tremendous boom in India for shares and stocks, Nasdaq is coming down to India to set up an office. But London Stock Exchange does not have any plans as of now. With 2299 local companies and 520 international companies in its listing, LSE does not want to force the deadlines and be
lenient.
Who will be those three good and lucky companies to join a $25 Billion turnover daily stock exchange.
Stay tuned......
Watch this space!!!
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