Billionaire investor George Soros is reportedly in advanced talks to buy a four per cent stake in the Bombay Stock Exchange for about $35-40 million (about Rs 185 crore).
UK daily Financial Times said in a report on Wednesday that Soros Fund Management is in final talks to buy Dubai Holding’s 4 per cent stake in BSE, valuing Asia’s oldest bourse at about $1 billion.
BSE Chief Executive Madhu Kannan on Wednesday declined to comment on the issue.
“I do not like to comment on this. But I can say it is a transaction independent of us,” Kannan said.
“If it happens, it will be a sign of confidence in the Bombay Stock Exchange,” he said.
Dubai Holding, the group owned by the emirate's ruler Sheikh Mohammed bin Rashid al-Maktoum, had reportedly been looking to exit the BSE.