About 60 foreign and domestic institutional investors have queued up to buy equity in the Bombay Stock Exchange (BSE). Brokers currently hold 95 per cent of BSE.
It’s a race against time for the BSE, given the fact that the market regulator has decreed that the brokers’ stake in the exchange should be diluted to 40 per cent or lower by mid-May.
Sources close to the developments said the big question now was how much premium the brokers would receive on their shares, compared to the Rs 5,200 per share given by Germany’s Deutsche Boerse.
Read more in The Times of India article.
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