Indian stock exchange seeks $182m thru IPO

AFP, MUMBAI: The Bombay Stock Exchange—Asia’s oldest bourse—will seek to raise $182 million through an initial public offering next week, its chief executive said yesterday.
The IPO will open on January 23 and last three days, with shares priced at 805 ($11.84) and 806 rupees, Ashish Chauhan told a press conference in India’s commercial capital Mumbai.
“I urge investors to study, go through all the details and then invest,” Chauhan said, adding that the BSE hopes to raise 12.43 billion rupees ($182 million) through the flotation.
The exchange’s shares will be listed on its chief rival, India’s National Stock Exchange. The flotation brings the BSE in line with most other stock markets around the world which are already publicly-listed companies.

Indian stock exchange seeks $182m thru IPO

AFP, MUMBAI: The Bombay Stock ExchangeAsias oldest boursewill seek to raise $182 million through an initial public offering next week, its chief executive said yesterday. The IPO will open on January 23 and last three days, with shares priced at 805 ($11.84) and 806 rupees, Ashish Chauhan told a press conference in Indias commercial capital Mumbai. I urge investors to study, go through all the details and then invest, Chauhan said, adding that the BSE hopes to raise 12.43 billion rupees ($182 million) through the flotation. The exchanges shares will be listed on its chief rival, Indias National Stock Exchange. The flotation brings the BSE in line with most other stock markets around the world which are already publicly-listed companies.