Tuesday, 29 November 2011

BSE may buy 5% of NCDEX of NSE for Rs 35.5 Cr.

According to reports National Stock Exchange(NSE) which is also known as countries biggest stock exchange is planning to sell 5 percentage of NCDEX to Bombay Stock Exchange(BSE).

As per the report, BSE is going to pay Rs 35.5 cr for 5% venture, valuing the exchange of 710 crore.

NSE has done this to follow the rules as per decided by government norm about holding maximum limit of stock exchanges holding in the over five-year-old commodity exchange at 5%.

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