Posts
US-based stock exchange NYSE today announced selling its five per cent stake in India's top bourse NSE to Singapore government's investment arm Temasek.
The deal marks exit of New York Stock Exchange from National Stock Exchange and Temasek's entry as shareholder.
The transaction has received the necessary regulatory approvals, NSE and Temasek said in a joint statement, but did not elaborate on the financial details.
NYSE had acquired 5 per cent of NSE in 2007 for 115 million dollars, valuing the bourse at about 2.3 billion dollars.
Monday, May 3, 2010
Temasek purchases 5% stake in NSE for 115 million dollars
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment