Deutsche B÷rse buys 5% of India's BSE

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

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...

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