Tuesday 31 May 2016

BSE plans to sell up to 30% stake

BSE will hold an annual general meeting (AGM) on 24 June to seek shareholder approval for the listing.

Stock,Market
BSE Ltd is planning to sell up to a 30% stake before 31 March 2017 through a so-called offer for sale (OFS) with a possible fresh sale of equity tagged on, according to reports.

Report says that the BSE may raise around Rs.1,300 crore from the sale.
BSE will hold an annual general meeting (AGM) on 24 June to seek shareholder approval for the listing.

 On 14 March, BSE received in-principle approval for its share sale from the Securities and Exchange Board of India (Sebi).

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