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BSE Ltd.

NSE:BSEEQ  |  58888:  |  IND:Exchange  |  ISIN code:  |  SECT:Financial Services

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You can view the entire text of Chairman's speech of BSE Ltd.
Director Report
Mar 2007
Dear Shareholders,



The year April 2006 - March 2007 has been a landmark year for the Bombay Stock Exchange Limited. Under the BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by Securities and Exchange Board of India (SEBI) on May 20, 2005, the Exchange completed the demutualisation exerercise in the month of May 2007, bringing about separation of ownership and management. This was a watershed event in the long history of the Exchange.



I wish to personally congratulate all stakeholders on this transformation, which is in line with what various stock exchanges have done internationally.



I am happy to report that there was overwhelming interest shown by overseas investors as also by domestic investors in acquiring a stake in the Exchange. The robust valuation that the Exchange received is an expression of confidence by the investors in the capabilities of the Exchange and a recognition of its potential.



Going forward, we remain committed to delivering superior returns to all our stakeholders.



The year 2006-07 has also been a landmark year in terms of the performance of the Indian capital markets. India continues to attract significant capital inflows resulting in ever higher levels of Sensex and most other BSE indices. The Sensex closed above the milestone mark of 15,000 points for the first time in its history on 9th July 2007, our Foundation Day. The strong performance of the markets is underpinned by robust performance of the economy and impressive corporate results.



Last year, I had mentioned the need to revive the F&O segment. During the year under review, a strategy for increasing volumes in this critical segment was devised and initial indications are that some increase has been achieved in volumes under this segment. I am sure the year ahead will enable us to garner a higher market share in this critical area.



I take this opportunity to express my gratitude to all stakeholders for their whole-hearted co-operation and guidance in this critical phase of transformation that the Exchange is going through and look forward to your continued support to the Exchange in the future.



Warm regards,



Jagdish Capoor Chairman 8th August, 2007

Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.
BSE Quotes and Sensex are real-time and licensed from the Bombay Stock Exchange. NSE Quotes and Nifty are also real time and licenced from National Stock Exchange. All times stamps are reflecting IST (Indian Standard Time).
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