BSE buys 5% stake in Calcutta Stock Exchange

Bombay Stock Exchange Ltd has bought 5% stake in Calcutta Stock Exchange at Rs.2,000/- per share based on pre money enterprise valuation of approx : Rs.60 crores.

Mr. Rajnikant Patel, Managing Director & CEO said that: "BSE has picked up 5% stake, as a strategic partner, in CSE. We have signed an MOU for the revival and growth of Calcutta Stock Exchange and its members. We believe that BSE, CSE combination presents a good business opportunity for both BSE & CSE's members."

Source : Equity Bulls

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