CM to open Kalpataru office today
THE CORPORATE office of Kalpataru Multiplier Limited ? one of the major share brokers and investment advisors of the State ? will be inaugurated at GTB Complex here on Sunday by Chief Minister Shivraj Singh Chouhan at 11 am.india Updated: Feb 04, 2007 15:40 IST
THE CORPORATE office of Kalpataru Multiplier Limited – one of the major share brokers and investment advisors of the State — will be inaugurated at GTB Complex here on Sunday by Chief Minister Shivraj Singh Chouhan at 11 am.
Kalpataru Multiplier chairman R C Manya said the organisation has been functioning since 1992, when there was hardly any awareness for the share market in Bhopal. “We focused on creating awareness among the investors and since then we have opened nine offices, along with one in Chhattisgarh,” he added.
On future planning, he said the company would go for direct membership of NSE. “At our corporate office, we’ll provide international services like Comex, GDR etc for the first time in MP,” said Manya. He added that online information would be provided on Nasdaq and other international tock markets to investors.
The managing director of the company, Amitabh Manya, said the increase in awareness towards share investment could be assessed from the fact that a large chunk from Old Bhopal, especially of lower economic group have got connected with the company. Regarding scams in the share market, he said the regulatory body SEBI is quite strict and even penalized top most companies. “PAN card is compulsory for investment in share market,” he added.