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BSE’s arm acquires 5.88% stake in Open Network for Digital Commerce

25 Mar 2022 Evaluate

BSE’s wholly owned subsidiary -- BSE Investments (BSEIL) has acquired 5.88% stake in Open Network for Digital Commerce (ONDC). BSE has always been at the vanguard of implementing the best and leading-edge technologies, processes and practices for ensuring the safety and integrity of markets. In line with the trends in international convergence of digital e-commerce the ONDC opportunity is expected to revolutionize the way digital e-commerce as it is aligned with Government’s vision of making India ‘Atmanirbhar’. 

ONDC will promote building digital infrastructure through scaling and innovative OpenSource API’s and Open Protocols. A public design is being envisaged where buyers and sellers are mutually discoverable for ecommerce transactions and decentralized innovative model that encourages open collaboration and interoperability. This is a great opportunity for BSE to participate in this National initiative for digital transformation and financial inclusion.

BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).

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