Deals
India’s BSE Seeks Approval to Sell 30% Stake in Exchange Company
- First India equity exchange listing by January: AlphaIdeas
- Exchange owners could offer stock at 500 rupees a share
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BSE Ltd., Asia’s oldest stock exchange, is seeking shareholder approval to sell as much as a 30 percent stake.
The bourse plans to sell a minimum of 10 percent, with an option to raise the size to 30 percent if more shareholders are keen to sell their holdings, according to a notice from the company. The exchange is closely held by member brokers and overseas firms including Deutsche Boerse AG and Singapore Exchange Ltd.