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BSE to go for IPO to raise money

Asia’s oldest stock exchange BSE (Bombay Stock Exchange) will sells its share in initial public offering at a price of Rs 805-806. BSE will be raising approximately Rs 1,200 crores to Rs 1,300 crores and new investors. In 2010 BSE was valued at Rs 4000 crores.

The IPO will open on 23rd January and close on 25th January. This offering has been approved by Securities Exchange Board (SEBI) on 3rd January. 302 shareholders of BSE are looking to sellt heir shares. Singapore Exchange Ltd (SGX) will sell 5.09 million shares, or a 4.7% stake, making a complete exit. Other shareholders are Atticus Mauritius Ltd, Mauritius investment arm Quantum (M) Ltd, GKFF Ventures, Acacia Banyan Partners Ltd, Canada-based investor Thomas Caldwell’s Caldwell India Holdings Inc., and Bajaj Holdings and Investment Ltd.

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BSE to go for IPO to raise money
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