indias-bse-mandates-kotak-to-sell-26-strategic-stake

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, AsiaÆs 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.

As part of the changed structure, the shareholding of its members must be reduced from 100% to 49% in compliance with regulatory requirements. The BSE intends to achieve this through a 26% selldown to a...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 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 (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222