The Straits Times
Published on Dec 12, 2012

India's Bombay stock exchange plans IPO next year


MUMBAI (AFP) - The operator of India's Bombay Stock Exchange, said on Wednesday it is likely to sell shares in an initial public offering (IPO) in the next financial year, according to Dow Jones Newswires.

The IPO would take place in the middle of the fiscal year starting April 1, the BSE's chief executive said.

The exchange, Asia's oldest, has hired 14 banks to manage the planned IPO, the report said.

The Bombay Stock Exchange is India's second-largest stock exchange by market share and its stakeholders include Deutsche Boerse and the Singapore Exchange as well as local brokerages.