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BSE IPO May Hit Capital Market Next Fiscal Year

BSE Ltd., which operates India's Bombay Stock Exchange, may sell shares in an initial public offering or IPO in the middle of the next fiscal year commencing from April 1, its Chief Executive said Wednesday.

The exchange has hired 14 banks to manage the proposed IPO, Ashishkumar Chauhan said. He, however, declined to identify the investment banks.

The BSE is India's second-largest stock exchange by market share and its stakeholders include Deutsche Boerse AG DB1.XE +0.19 percent and Singapore Exchange Ltd. S68.SG -0.28 percent.

by RTTNews Staff Writer

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