Metropolitan Stock Exchange should , also , be merged with either NSE or BSE.
Metropolitan Stock Exchange has over 200 Exclusively Listed Companies ( mainly from defunct Regional Stock Exchanges Such shares include small cap gems like Frick India and Dalmia Refractories.
Despite raising around Rs.200 crore ,Metropolitan Stock Exchange has failed to take off. Investors of Exclusively Listed Companies are facing a crisis as Dealers of Unlisted shares are offering around one third rates had these shares been traded. ( Example : Frick India - dealers are buying for around Rs.4500 ( PLEASE RECHECK ). Had Frick India been listed in BSE / NSE its share rate would have been above Rs.10,000 /-
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