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Ahmedabad, July 3

Ahmedabad Stock Exchange Ltd (ASEL) has appointed Chartered Capital and Investment Ltd (CCIL) to advise and manage the process of demutualisation scheme, according to a release hereon Tuesday. CCIL will outline the procedure for implementing the divestment of at least 51 per cent shareholding from the existing members of ASEL to prospective investors. It is also entrusted with the responsibility to get the divestment scheme and the investor list approved by SEBI.

— Our Bureau

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