Singapore Exchange Ltd (SGX), one of the youngest of the bourses in Asia, has agreed to buy a 5% stake in Bombay Stock Exchange (BSE), the oldest stock exchange in the continent, for $42.7 million (Rs 189 crore).
SGX will pay Rs 5,200 for each share of BSE, the same price that Frankfurt-based Deutsche Borse had agreed to pay for an equal stake less than a month ago.
Read more inThe Times of India article.
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