"New issues must be listed on OTCEI"

NEW DELHI, MARCH 12: In an effort to revive ailing Over The Counter Exchange of India (OTCEI), the planning commission has suggested compulsory listing of all new issues on the exchange before graduating to other bourses.

"This institution (OTCEI) needs to be revived and energised with all new issues listed first with OTCEI and be allowed to list on other exchanges only on the establishment of a minimum track record," the commission stated.

It has also suggested broadening of market making effort by participation of the major FIs.