Bse Board To Discuss Dse Takeover Wednesday

The Bombay Stock Exchange (BSE) board will take up the proposal of acquiring 100 per cent equity in the Delhi Stock Exchange (DSE) on Thursday. If approved by the governing boards of the two exchanges, this will be the first takeover of a regional stock exchange in India by the BSE and possibly trigger off a consolidation process in the capital markets.

According to sources, subsequent to the approval, the boards will appoint a global consulting firm to undertake a due diligence exercise and value the DSE.