Yield on 10-year US treasury is up 34 bps since July, pushing up the risk-reward for foreign investors in emerging equities
Stock exchange BSE has sold 4.15 per cent stake in depository Central Depository Services India (CDSL). The exchange offloaded about 4.34 million at Rs 78.93 per share aggregating to Rs 34.23 crore on October 14, the exchange said in a note, without disclosing the identity of the buyer. BSE holds 50.05 per cent stake in CDSL post this transaction. The exchange has been looking to divest stake in CDSL through an initial public offering in order to meet a Sebi directive asking stock exchanges to bring down their holdings in depositories to 24 per cent.
Paperless SIP facility has been made available in simulation environment and will be made live tentatively by Diwali
The exchange is pinning its hopes on its upcoming international exchange to get a toehold in the equity derivatives segment
The exchange is planning to invest Rs 500 cr for setting the exchange, which would initially start off with derivatives products
According to brokers, the platform would be a boon for 100-150 brokers who are active on BSE
The exchange has also ordered freezing of the entire promoter shareholding of these companies till further notice
The 141-year-old exchange has about 9,000 shareholders. It received Sebi's in-principle approval in March this year
Auction will be conducted on BSE's 'ebidxchange' platform during 1530-1730 hours, after the close of market trading
Had applied to Sebi in July for permission to start web aggregator, broking arms
This makes it the first collaboration in Asia between a stock exchange and a social networking site
Apart from stake sale or IPO of CDSL by March, there is potential for the bourse to monetise equity holding in other subsidiaries
Shares worth over Rs 1,000 cr could be sold in the IPO, which is expected to be entirely an offer for sale by existing shareholders
Seven banks will manage the Rs 1,200 crore IPO
Offer size could vary from Rs 1,200 crore to Rs 2,000 crore
BSE is among world's 10 largest exchanges in terms of market value, while it is biggest in terms of number of firms listed on its platform
Since March, post Union Budget, investor wealth increased by 29% or Rs 24.88 lakh crore from Rs 85.83 lakh crore.
The exchange said that trading members can place up to 99 quotes through a single request message
Shareholders were given option of offering their shares, which were held for a continuous period of one year prior to filing of the draft prospectus with Sebi
In a circular, BSE said it would shift the scrips to the Z group, wherein their scrips would be settled on trade-for-trade basis