Sunday, May 20, 2007

BSE completes demutualisation process

Bombay Stock Exchange (BSE), has completed the process of demutualisation.

This means that the broker stake in BSE is now down to 49%. Shareholders of BSE have placed their stake with 19 domestic and overseas investors for Rs 5,200 per share. It translates into BSE's market cap at around USD 1 billion.

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