Mumbai: The BSE Ltd, Asia’s oldest stock exchange, will file a draft document for an initial share sale with the regulator in a few days, according to people familiar with the matter. The Singapore Exchange Ltd has offered its entire 5% stake in the bourse, the people said. BSE spokesman Yatin Padia declined to comment on the filing of the draft papers, which was reported by the Press Trust of India late Wednesday. Deutsche Boerse AG is unlikely to raise its 5 percent stake in BSE before the IPO, people familiar with the matter said last month. BSE accounts for about 20% of cash equity trading in India.

Source: Mint September 08, 2016 07:41 UTC