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Singapore, Deutsche Bourses Buy BSE Stake

The Bombay Stock Exchange is selling 1.27 million shares to the Singapore Exchange, Deutsche Boerse and the HDFC Bank.

The Bombay Stock Exchange (BSE) is selling 1.27 million shares to the SingaporeExchange, Deutsche Boerse and the HDFC Bank, Business Standard reports. The sale will help BSE raise $10.45 million.

The sale will value the exchange at between $844.93 million and $890.13 million. The transaction will help the Singapore Exchange and Deutsche Boerse to keep their holding in BSE at 5%, while HDFC Bank’s stake in BSE will increase by 1% after the deal.

Click here for the story from Business Standard.

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