The Securities and Exchange Board of India (Sebi) on Thursday gave its nod to the convergence of both equities and commodity - backed stocks on exchanges from October, 2018.
According to Sebi Chairman Ajay Tyagi, the move will allow major players like BSE, NSE and Multi - Commodity Exchange of India (MCX) to list both equities and commodity - backed financial instruments on their platforms.
Tyagi said the convergence will be effective from October, 2018 and will help in cross - listing and provide investors with access to various asset classes.
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