Bombay Stock Exchange Limited is looking to offload 26 per cent of its equity to a strategic investor. A further 25 per cent would be offloaded through an initial public offer, according to Rajnikant Patel, CEO and managing director, BSE Limited. | |
| Kotak Securities has been appointed as an advisor for the stake sales. The exchange has set a deadline of May 2007 for completing these two deals, but is targeting the end of the calendar year for the same. |
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| The strategic investor could be a domestic or overseas one, Patel said. This could also include other exchanges, banks and multi lateral agencies, he added. Patel was addressing an audience at BSE's 132nd Foundation Day. |
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| The exchange also unveiled a Gujarati website www.bseindia.com/gujarati. |
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| As part of the demutualisation and corporatisation exercise of the stock exchanges, BSE became a company from an Association Of Persons in 2005. |
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