George Soros and three private equity firms are in a race to acquire close to 4 per cent in the Bombay Stock Exchange (BSE), Asia’s oldest stock exchange, says the Business Standard.
The embattled Dubai Financial Group LLC is currently auctioning off their 3.92% private stake in BSE.
Soros and three private equity firms, Argonaut, J C Flowers and Caldwell Investment are each after the stake, which has risen in value a lot in recent months.
Just six months ago, brokers had sold a stake of the exchange at just 160 rupees per share. Now a PE firm has bid 370 rupee per share, valuing BSE at over Rs 3,800 crore, according to the Business Standard.
The change apparently came when BSE changed management and modernized.
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