The NYSE Euronext is betting big on India. Not only does it intend to raise its stake in the National Stock Exchange (NSE) and the Multi Commodity Exchange (MCX) once foreign ownership rules are eased, but it also has plans to partner the two Indian bourses in developing their business.In the years to come, India could be one of the markets where the NYSE Euronext lists its shares, along with China and Japan, which are alos on the radar.
NYSE, a subsidiary of the NYSE Euronext, owns a 5 per cent stake in NSE, while the parent had earlier this year signed an agreement with MCX to acquire a 5 per cent stake in the commodity exchange (Related Story). The MCX deal is expected to be closed by June this year.
Read more in The Business Standard article.
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