Bombay Stock Exchange Ltd has bought 5% stake in Calcutta Stock Exchange at Rs.2,000/- per share based on pre money enterprise valuation of approx : Rs.60 crores.
Mr. Rajnikant Patel, Managing Director & CEO said that: "BSE has picked up 5% stake, as a strategic partner, in CSE. We have signed an MOU for the revival and growth of Calcutta Stock Exchange and its members. We believe that BSE, CSE combination presents a good business opportunity for both BSE & CSE's members."
Mr. Rajnikant Patel, Managing Director & CEO said that: "BSE has picked up 5% stake, as a strategic partner, in CSE. We have signed an MOU for the revival and growth of Calcutta Stock Exchange and its members. We believe that BSE, CSE combination presents a good business opportunity for both BSE & CSE's members."
1 comments:
June 5, 2008 at 5:00 AM
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