NSE keen to buy 25% stake in Dhaka stock exchange to rival China

India is trying to match the Chinese exchanges expanding clout over south Asian bourses

India’s biggest stock exchange is keen to buy a 25 per cent stake in Dhaka Stock Exchange, rivaling an offer from a Chinese bourse.

“We are well positioned to help grow the Bangladesh market and the exchange, given our experience and track record,” Vikram Limaye, chief executive officer of the National Stock Exchange, said in a phone interview on Thursday.

The Shenzhen Stock Exchange has offered 22 taka per share to buy 25 percent of the Dhaka Stock Exchange, Rakibur Rahman, a director at the DSE, said by phone last week. That’s higher than the NSE’s 15 taka per share