Bombay Stock Exchange Ipo Latest News

Bombay stock exchange ipo latest news

BSE To List On NSE Today

Bombay Stock Exchange (BSE) awaiting SEBI Guidelines for its IPO

August 9th, 2009

Bombay Stock Exchange (BSE) awaiting SEBI Guidelines for its IPO

Bombay Stock Exchange Ltd is ready for its IPO, the management of Asia’s oldest bourse told its shareholders during the annual general meeting on Friday, reports the Hindu Business line

BSE has sought SEBI’s approval for the IPO and is waiting for the guidelines for listing, said a member who attended the annual general meeting.

The exchange has identified the merchant bankers and the draft red herring prospectus is being prepared, the member said.

This is the first time a stock exchange in India is planning to get itself listed.

Bombay stock exchange ipo latest news

However, SEBI is yet to finalise the guidelines for listing of stock exchanges.

“SEBI wants to be doubly sure on all aspects as it will set a precedent for other exchanges like NSE, MCX Stock Exchange,” said a leading stockbroker.

The main issue is if BSE will be allowed self-listing or if it has to go for cross-listing.

BSE has become eligible for public listing after it issued bonus shares in the ratio of 1:12 in February, raising its share capital to over 10.28 crore shares, enough for meeting the minimum limit of Rs 3 crore, according to the listing agreement requirements ..

Read complete story >> click here

Categories: Initial Public Offer, New IPO

Tags: Bombay Stock Exchange, BSE IPO

Bombay stock exchange ipo latest news