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MEDIA RELEASE

BSE buys 5% stake in Calcutta Stock Exchange

 

Quote from Mr. Rajnikant Patel, Managing Director & CEO; Bombay Stock Exchange Ltd. :

"BSE has picked up 5% stake, as a strategic partner, in 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."

Details :

At Rs.2,000/- per share based on pre money enterprise valuation of approx : Rs.60 crores


Kalyan S. Bose
Head – Corporate Affairs


August 28, 2007



 

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