Mumbai Dec 28 (IANS) The Securities and Exchange Board of India (Sebi) on Thursday gave its nod to the convergence of both equities and commodity-backed stocks on exchanges from October 2018.
According to Sebi Chairman Ajay Tyagi the move will allow major players like BSE NSE and Multi-Commodity Exchange of India (MCX) to list both equities and commodity-backed financial instruments on their platforms.
Tyagi said the convergence will be effective from October 2018 and will help in cross-listing and provide investors with access to various asset classes.
--IANS
rv/ag/dg
