Mumbai: The New York Stock Exchange, the world’s largest, on Wednesday announced it has bought a five per cent stake in the National Stock Exchange for $115 million.
The New York Stock Exchange (NYSE) Group Inc., Goldman Sachs Group, General Atlantic and Softbank Asian Infrastructure Fund announced they were each buying a 5 per cent stake in the National Stock Exchange (NSE).
The NYSE Group will purchase NSE shares from a consortium of selling shareholders, including ICICI Bank Limited, Industrial Finance Corporation of India Limited, IL&FS Trust Company Limited, Punjab National Bank, and General Insurance Corporation of India.
"We are pleased to welcome the NYSE group as an important stakeholder in NSE,” said Ravi Narain, Managing Director and Chief Executive Officer of NSE.
“In a rapidly integrating world of financial markets, this timely partnership brings together the strengths of institutions from North America, Europe and Asia. This alliance marks a significant milestone for NSE in developing a place for itself in the emerging global scenario," said Narain.
"Our investment in the NSE complements our global growth strategy," said John A. Thain, Chief Executive Officer, NYSE Group.
source : IBN
The New York Stock Exchange (NYSE) Group Inc., Goldman Sachs Group, General Atlantic and Softbank Asian Infrastructure Fund announced they were each buying a 5 per cent stake in the National Stock Exchange (NSE).
The NYSE Group will purchase NSE shares from a consortium of selling shareholders, including ICICI Bank Limited, Industrial Finance Corporation of India Limited, IL&FS Trust Company Limited, Punjab National Bank, and General Insurance Corporation of India.
"We are pleased to welcome the NYSE group as an important stakeholder in NSE,” said Ravi Narain, Managing Director and Chief Executive Officer of NSE.
“In a rapidly integrating world of financial markets, this timely partnership brings together the strengths of institutions from North America, Europe and Asia. This alliance marks a significant milestone for NSE in developing a place for itself in the emerging global scenario," said Narain.
"Our investment in the NSE complements our global growth strategy," said John A. Thain, Chief Executive Officer, NYSE Group.
source : IBN