BSE to decide on rise in stakes of Deutsche, Singapore SEs

Bombay Stock Exchange will decide on letting Deutsche bourse and Singapore Stock Exchange increase their stake after the provision to the effect is made in the regulations, official sources said on Saturday.Currently, these two exchanges hold five per cent equity each in the BSE.

Sebi recently announced raising the equity holding limit in stock exchanges for certain entities like banks, insurance companies, depositories and stock exchanges from five per cent to 15 per cent.

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Jagdish Capoor, non-executive chairman of BSE said the exchange will decide on increased stake for the two exchanges after the required provision is made (in the regulations).

When asked about the issues discussed at the meeting, he said, "there is nothing in particular for public domain. We discussed usual business issues."

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source - www.economictimes.com