Wednesday, January 17, 2007

BSE to stick to May deadline for float

The Bombay Stock Exchange (BSE) will stick to the May 2007 deadline of completing its initial public offering (IPO) and is talking to select foreign exchanges for a possible partnership (See Related Post).

The exchange has appointed Morgan Stanley, Merrill Lynch and Kotak Securities as its merchant bankers for the proposed IPO. For valuation, the exchange is banking on the Sensex brand.

Read the Business Standard article.

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