Reacting to allegations of price manipulation at the exchange level, the MD said, “We are in no way concerned with it. Our role is very simple. We are playing a priest’s role in the marriage”
National Stock Exchange (NSE) Managing Director and CEO Ashish Kumar Chouhan on Wednesday said that the NSE is all set to launch its website in more regional languages soon to boost the involvement of investors from various states.
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“The investors from rural India are investing in the stocks. So we wanted to serve them better. Very soon we will launch in Telugu, Malayalam and other regional languages in a phased manner” The NSE MD Ashish Kumar Chauhan said.
Presently, along with English and Hindi, the NSE also has a website in Marathi and Gujarathi.
The NSE chief also interacted with media personnel who visited the NSE in Mumbai and shared their plans. He stated that they are planning to expand their services to other sectors and also acquire funds through IPO.
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“Along with the stock exchange, we wanted to enter into electricity exchange, Copper exchange etc., Chauhan said.
Answering a question about how the NSE supports start-ups, Chauhan said, “Yes, we are supporting them. An entrepreneur can come for an IPO after two or three years of their successful business. After fulfilling our terms we will support them. Even small traders can come for an IPO. We have an example of getting money of Rs 1 or 2 crores through IPO from NSE.”
Reacting to allegations of price manipulation at the exchange level, the MD said, “We are in no way concerned with it. Our role is very simple. We are playing a priest’s role in the marriage. The bride and the bridegroom should accept the marriage. Similarly, investors and businessmen should agree on investment. As an exchange, we are playing a role.”
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Answering a question about cyber attacks on stock exchanges, Ashish stated that they have well well-equipped cyber security wing which shields against the attacks and they are maintaining on their own.
Further, the Managing Director said that they are getting two to three crore clicks and making transactions of Rs 1300 to Rs 1500 crores every day.
