deutsche-b÷rse-buys-5-of-indias-bse

Deutsche B÷rse buys 5% of India's BSE

The 5% stake in the Bombay Stock Exchange values the Indian exchange at $854 million.

Sameera Anand

February 15, 2007

Deutsche Brse will buy a 5% stake in the Bombay Stock Exchange for Rs1.89 billion $42.7 million representing a value of Rs37.8 billion $854 million for the Indian bourse.

BSE, which was established in 1875, is the oldest stock exchange in Asia. It is a corporatised entity and is presently in the process of demutualisation. The BSE has a network across 417 cities and towns of India. Companies listed on the BSE have a total market capitalisation of $850 billion.

Deutsche Brse is the largest exchange organisation worldwide with the Frankfurt Stock Exchange and the world's leading derivatives exchange Eurex among its major markets. Deutsche Brse is itself listed on the...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 3 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222