India's BSE mandates Kotak to sell 26% strategic stake

Asia's oldest stock exchange the Bombay Stock Exchange appoints Kotak for strategic partner search.

On July 7, AsiaƆs oldest stock exchange, the Bombay Stock Exchange BSE announced that Kotak Mahindra Capital has been mandated to find it a strategic partner.

The BSE was founded in 1875 and historically operated as an association of persons - owned by its 735 broker members who own 10,000 shares each. However, after the BSE Corporatisation and Demutualisation scheme of 2005 it corporatised itself the same year. The change was a means to address concerns regarding conflicts of interest....

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