| FT, 6 others to bid for 51% stake in DSE |
| BS Reporter / Mumbai/New Delhi July 18, 2007 |
| The 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 |
