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BSE finalizes 14 banks for its 2013 IPO


06 Dec 2012
BSE Ltd, has picked 14 banks for its initial public offering (IPO), valuing it at around USD 1 billion, planned for the first half of 2013.

As per the report, Bank of America Merrill Lynch, JPMorgan, Barclays Capital, UBS and the arms of Indian banks Kotak Mahindra Bank and ICICI Bank are among the lead managers of the planned IPO.

Ashishkumar Chauhan, CEO of BSE said, “The process is on. We are targeting a launch in the first half of next year.”

BSE is the largest exchange in terms of the listed members and is also the oldest, founded in 1875.

Frankfurt-based Deutsche Boerse and the Singapore Exchange own a 5 percent stake each in BSE.
Source: Dion Global   Type: IPO Related