India's BSE launches landmark IPO

Asia’s oldest exchange moves ahead with its listing plan, a move seen as crucial as India creates a developed equities market. NSE could be next.

Bombay Stock Exchange launches its initial public offering on Monday, a big step forward in India's plan to list its two major stock exchanges and become a mature equities market.

Officially known as BSE, Bombay Stock Exchange comes to the market ahead of its bigger peer National Stock Exchange of India NSE, which filed a listing application last month and is slated for a public offering later this year.

India is following bigger markets, including Hong Kong, Singapore, Japan and Australia, in enhancing the transparency of the securities market by listing its major stock exchanges.

Listing stock exchanges also reduces scope for...

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