NSE is back in race to buy 25% stake in the Dhaka Stock Exchange

Bangladesh regulator's rejection of Chinese bid will give Indian bourse another shot at picking 25% in it

The National Stock Exchange (NSE) is back in the race to buy 25 per cent stake in the Dhaka Stock Exchange (DSE), after the Bangladesh Securities and Exchange Commission (BSEC) rejected an application by a consortium of Chinese exchanges.

Sources say the NSE plans to participate in a new bidding process.

The Chinese consortium had offered to pay $119 million for the 25 per cent stake in the DSE, against the NSE’s bid of $87 million.

Besides higher bid value, the Indian exchange also lost out on China’s offer of free technical support to the DSE for 10 years, which