Soros to Buy Stake in Indian Exchange
George Soros is in advanced talks to buy a 4% stake in India’s Bombay Stock Exchange (BSE) for US$35-US$40mil, two sources with direct knowledge of the situation said yesterday.
Soros Fund Management would buy the stake in Asia’s oldest stock exchange from Dubai Financial, part of sovereign fund Dubai Holding, the sources, who declined to be named as they were not authorised to speak to the media, told Reuters.
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