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BSE gets nod to acquire 50% stake in Asia Index

27 May 2024 Evaluate

BSE has approved execution of a Share Purchase Agreement (SPA) with SPDJ Singapore Pte (SPDJS) for acquiring 50% stake of Asia Index (AIPL) from SPDJS. Post-acquisition of this stake, AIPL will become a wholly owned subsidiary of BSE.

The acquisition is expected to be completed on May 31, 2024, subject to completion of conditions as detailed in the SPA. The SPA records the terms of the agreement and inter-se rights and obligations and other connected matters in respect of acquisition of 50% equity shares of AIPL held by SPDJS and termination of joint venture between BSE and SPDJS.

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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