BSE buys 5% stake in Calcutta Stock Exchange

According to Mr Rajnikant Patel, Managing Director & CEO of Bombay Stock Exchange , “BSE has picked up 5% stake, as a strategic partner, in Calcutta Stock Exchange(CSE). We have signed an MOU for the revival and growth of Calcutta Stock Exchange and its members. We believe that BSE, CSE combination presents a good business opportunity for both BSE & CSE’s members.”

BSE has bought 5% stake in Calcutta Stock Exchange, at Rs 2000 per share on pre money enterprise valuation of approx : Rs 60 crore.