Kuwait Investment Authority Fund To Invest In Bombay Stock Exchange

Bombay Stock Exchange, before the launch of its initial public offer, allocated 4,628,158 equity shares to 'Anchor Investors' which include Kuwait Investment Authority Fund, Capital World, Massachussets Institute of Technology, ICICI Pru MF, Goldman Sachs Asset Management, Citigroup Global Markets Mauritius, Bajaj Allianz, Reliance Capital Trustee Co, and SBI MF. The allocated equity shares are worth Rs 373 crore.

The Bombai Stock Exchange initial public offer will be launched on Monday with a face value of Rs 2 each in a price band of Rs 805-Rs 806. The IPO will be the first issue to hit the markets in 2017 and will last from Monday till Wednesday. 

Established on July 9, 1875, the company is the country's biggest bourse in terms of listed companies (5,868 firms) on its platform. But the exchange's own shares will trade on the rival National Stock Exchange (NSE).

The BSE owns and operates the popular BSE exchange platform and has a 14 per cent market share in the "equity cash" segment. The $1.71 trillion market capitalisation of listed companies on its platform makes it the 10th largest exchange in the world by market capitalisation. As of last Friday, the total market capitalisation of BSE-listed companies was Rs 11,023,189 crore with scrips of 2,897 companies being traded during the day's trade session. The company operates in multiple segments such as listings, securities services, corporate services and data dissemination.

In addition, the stock exchange major holds a 50.05 per cent stake in Central Depository Services (India) and 100 per cent stake in Indian Clearing Corporation. Currently, the top shareholders of the company include Deutsche Boerse, Singapore Exchange, State Bank of India, Life Insurance Corporation of India, GKFF Ventures, Quantum (M), Caldwell India Holdings Inc. and Atticus Mauritius.

 

SOURCE : IIK

 

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