India Infoline gets membership from Colombo Stock Exchange

The company would soon set-up a subsidiary for commencing stock broking services in Sri Lanka, India Infoline Group Executive Director R Venkataraman said. "Our Sri Lanka operations would enable us to leverage on our technology, particularly proprietary internet trading platform, research capabilities and effectively cater to domestic and foreign investors in the country," Venkataraman said.

The provisional membership has made India Infoline the first India-based broker to become a member of the CSE, India Infoline said in a filing to the Bombay Stock Exchange. Shares of India Infoline were trading at Rs 104.50 on BSE, up 0.82 per cent from previous close.

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