Public offer, which will open for bidding on Jan 23, will see some of BSE's shareholders selling a total of 15.4 million shares.
2016 has already seen record-breaking 50 IPOs and another 22 are in the pipeline for the coming months.
Mumbai: Stock market operator BSE Ltd has set the indicative price band for its initial public offering (IPO) of shares at between 805 rupees and 806 rupees apiece, according to a marketing term sheet for the offering.
The IPO, which will open for bidding on Jan. 23, will see some of BSE's shareholders selling a total of 15.4 million shares, and will value the stock exchange at 44 billion rupees ($645.02 million) at the top end of the price range.
Some of the top BSE shareholders, who will sell their holdings in the offering, include Singapore Exchange Ltd and investment firm Acacia Banyan Partners, and proceeds from the sale will go to those investors.
( Source : reuters )
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