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.