Deutsche Bank is likely to pick up five per cent stake in DSE from the member brokers as the exchange has already divested its 51 per cent to non-members, a top DSE official said.
The bank is currently seeking Foreign Investment Promotion Board's approval for acquiring stake in the bourse and stake transfer is expected to be completed within two months, he added.
DSE would not issue any fresh equity to the bank, but the member brokers would offer up to five per cent of their stake, he said.
The exchange has reserves of Rs 98 crore, bank balance of Rs 75 crore and has 379 members. Currently, about 2,884 companies are listed on the DSE. Of these, 1,800 are exclusively listed on the bourse.
Earlier, the exchange sold five per cent stake to overseas firms for a consideration of Rs 10.61 crore each. Some of the firms which picked up stakes were Mauritius-based Wilmette Holdings, Kuwait's Noor Financial Investment and Ikarus Industrial Petroleum Company.
DSE stopped trading in 2003 after the new market conditions like emergence of uniform settlement system.
The bourse went for demutualised in September last year, following market regulator Sebi guidelines, which required each stock exchange to sell brokers' 51 per cent equity to separate their trading and ownership rights of bourses.
