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What Is India News Service
Tuesday, March 13, 2007



 

 

 

   Germany, Singapore Take Stake in BSE

  Deutsche Börse and Singapore Exchange Ltd. (SGX) have negotiated minor stakes in Bombay Stock Exchange Ltd. (BSE) that is seen as positioning the nation better in a global-economy.
     
 

Deutsche Börse and Singapore Exchange Ltd. (SGX) have negotiated minor stakes in Bombay Stock Exchange Ltd. (BSE) that is seen as positioning the nation better in a global-economy.

German Deutsche Börse and SGX have taken a five per cent stake a piece in Bombay Stock Exchange Ltd. (BSE) in a deal valued at Rs. 189 crore (USD 42.95 million) each that includes active collaboration in listing, product development, and lending. Managing Director and CEO of BSE Rajnikant Patel characterizes both the collaborative as an "alliance" and a "strategic tie-up" that will help position the exchange better in an "increasingly globalised (sic) market place."

The German and Singapore bourses see themselves as gateways for securities and derivative products to Europe and Asian markets respectively.

 
       

 

 

 

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