(Disclosure:I am market making in the shares of BSE)
Leading stock exchange BSE today said it is in the process of completing formalities for its initial public offering (IPO).
“BSE is specifically in the process of completing all the formalities. As and when the approval will be obtained, the IPO will come,” BSE Managing director and CEO Ashishkumar Chauhan said at an Assocham event here.
Chauhan, however, did not divulge the details of the issue, saying the investment bankers will decide on the pricing and issue size.
According to sources, BSE is seeking an offering that would value it at about Rs 4,000-5,000 crore. The IPO could fetch Rs 800-1,000 crore, they added.-from ET