Bombay Stock Exchange gets IPO approval from SEBI - Indian IPO Blog

Wednesday, January 4, 2017

Bombay Stock Exchange gets IPO approval from SEBI

Bombay Stock Exchange has secured approval from market regulator SEBI for its proposed IPO.  The exchange is set to raise close to Rs. 1500 crores through the offer

BSE IPO will see sale of 2,99,55,434 shares by the existing shareholders (Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, Mauritius-based arms of American investor George Soros' Quantum Fund and foreign fund Atticus.

An extraordinary and rather interesting aspect of this listing, whenever materialized, would be that BSE is itself an exchange and listing of BSE on itself would be an issue. In this regard, SEBI said an exchange cannot be listed on itself, which means if the BSE were to go public, it has to do so on the NSE or another exchange and vice versa

No comments:

Post a Comment

Breaking