The Bombay Stock Exchange and the National Stock Exchange are exploring the opportunity to venture beyond the current businesses and have, along with other market infrastructure companies, sought SEBI's permission to form a separate entity to take on these businesses. "Stock exchanges (SEs) are seeking a one-time regulatory approval to venture into business areas outside SEBI's purview," sources close to the development told BusinessLine. "They have sought SEBI's permission to engage in activities or businesses that are unrelated to, or not identical to, those of an SE or of clearing corporations (CCs) or their core business, through a separate legal entity," they added. The proposal was made to the newly-formed SEBI committee headed by former Reserve Bank of India Deputy Governor R Gandhi, which has been mandated to review norms for stock exchanges, depositories and CCs. The BSE and the NSE did not respond to an e-mail from BusinessLine seeking their views.

The Bombay Stock Exchange and the National Stock Exchange are exploring the opportunity to venture beyond the current businesses and have, along with other market infrastructure companies, sought SEBI's permission to form a separate entity to take on these businesses. "Stock exchanges (SEs) are seeking a one-time regulatory approval to venture into business areas outside SEBI's purview," sources close to the development told BusinessLine. "They have sought SEBI's permission to engage in activities or businesses that are unrelated to, or not identical to, those of an SE or of clearing corporations (CCs) or their core business, through a separate legal entity," they added. The proposal was made to the newly-formed SEBI committee headed by former Reserve Bank of India Deputy Governor R Gandhi, which has been mandated to review norms for stock exchanges, depositories and CCs. The BSE and the NSE did not respond to an e-mail from BusinessLine seeking their views.