After Germany's Deutsche Boerse, the Singapore Exchange is close to buying 5 per cent stake in Bombay Stock Exchange.
New Delhi: Singapore Exchange (SGX) is close to buying a stake of about 5 per cent in the Bombay Stock Exchange, sources familiar with the development said on Wednesday.
"Singapore stock exchange is close to buying it," said a person close to the deal. "There could be some financial investors too," he said.
An announcement was likely later in the day, the sources said.
Last month, Germany's Deutsche Boerse bought a five per cent stake in BSE in a deal that valued the Indian exchange at USD 910 million.
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