Economics
Temasek to Buy 5% of National Stock Exchange of India
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Temasek Holdings Pte bought a 5 percent stake in the National Stock Exchange of India Ltd. from NYSE Euronext to tap the country’s economic expansion.
NYSE Euronext sold the stake in the Mumbai-based bourse for $175 million, the largest U.S. stock exchange owner by total market share said in a statement today. The Singapore state-owned investment company announced its purchase in an e-mailed statement late yesterday.