BSE becomes India’s first exchange to be recognized as a DOSM by the US SEC
Asia’s first stock exchange BSE received recognition as a ‘Designated Offshore Securities Market’ (DOSM) from the United States Securities and Exchange Commission (SEC) on Wednesday, making it the first stock exchange in India to receive DOSM recognition.
Following this development, the exchange joined an elite list of foreign securities exchanges that have been recognised as DOSM by the SEC under Rule 902 (b) of Regulation S under the U.S. Securities Act of 1933. BSE has largely adopted an international regulatory framework over the years to govern its structure, organization and disclosure standards.
The share price of the company hit an intraday high of Rs. 817.90 per share and an intraday low of Rs. 813 per share on NSE on Wednesday. The stock had touched its 52-week high of Rs. 1,178.35 per share on July 14, 2017 and its 52-week low of Rs. 726 per share on March 23, 2018 on BSE, respectively.
The stock ended at Rs. 816.70 per share, up by 0.13 per cent on NSE on Wednesday. Meanwhile, S&P BSE Sensex closed at 35,387.88 level, down by 0.44 per cent and NSE Nifty50 ended at 10,741.10 level, down by 0.56 per cent, respectively.