Kolkata: Leading stock exchange BSE Ltd may launch its initial public offering (IPO) by the fourth quarter of this fiscal as it does not anticipate any major hurdles to the issue, people familiar with the matter said. The entire IPO offering is sponsored by existing shareholders under offer-for-sale (OFS) category and BSE is not raising any fresh equity capital. According to reports, the issue size could be around Rs1,200-1,300 crore. Singapore Stock Exchange is one of the shareholders which is completely divesting its stake. Deutsche Boerse is not selling any stake in this offer, while BSE officials expect they will raise their shareholding in near future.

Source: Mint September 25, 2016 13:52 UTC