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| BSE working towards getting listed: official |
| Press Trust of India / Mumbai Nov 24, 2009, 21:01 IST |
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The country's oldest bourse Bombay Stock Exchange (BSE) is working towards getting listed, a senior official said today.
"We are preparing to get listed. The process (for getting listed) is on," a BSE official said.
Last year, the exchange had approached market regulator Sebi for a proposed initial public offer and listing. "We have received board approval last year when we applied to Sebi," he added.
When asked if the exchange is considering a self listing without an IPO, the official said: "It is all in the discussion stage... We have to wait and see."
Founded in 1875, BSE is the oldest stock exchange in Asia and is world's number one exchange in terms of the number of listed companies, and the world's fifth in terms transaction numbers.
The country has another premier exchange, the National Stock Exchange, where about 1,500 companies are being traded, but its daily average turnover is more than that of BSE.
The BSE shareholders mainly comprise the member - brokers, some financial institutions, a few private entities and foreign bourses including Deutsche Borse and Singapore Stock Exchange.
In February this year, BSE had decided to issue bonus shares to shareholders in the ratio of 12 new shares for every one held to broaden its capital base ahead of the proposed IPO.
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