Asia's oldest bourse BSE files IPO draft papers, targets to raise up to $195m

Photo: Aniruddha Chowdhury/Mint

BSE Ltd on Friday filed for its initial public offering (IPO) that will see it list on larger rival NSE of the National Stock Exchange of India Ltd.

Existing shareholders of Asia’s oldest bourse intend to sell 29.96 million shares through the offer for sale route, according to the information in its draft red herring prospectus. The issue represents 27.43% of BSE’s pre-share sale capital.

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