FT, 6 others to bid for 51% stake in DSEBS Reporter / Mumbai/New Delhi July 18, 2007The Delhi Stock Exchange (DSE) has received expressions of interest (EoIs) from seven investors including US-based Horizon Assets Management and Kuwait-based Noor Investments for buying 5% stake each in the bourse.Financial Technologies India, the promoter of Dubai Gold Exchange and Multi Commodity Exchange, has also agreed to take 5% stake in the bourse.DSE, lying defunct for the last three years, is also in talks with two Asian stock exchanges and several domestic banks to sell stake in a bid to revive business."All the investors are expected to submit their expression of interest by end of this month. The name of the selected investors will be announced by August-end," Bharat Bhushan Sahny, director, DSE and chairman of the demutualisation committee.The exchange is looking for 11 investors to dilute 51% stake as per the Securities and Exchange Board of India
