India's BSE exchange gets market regulator's clearance for IPO
BSE Ltd, India's second-biggest stock exchange, got clearance for its long-awaited initial public offering (IPO) from the Securities and Exchange Board of India (SEBI), according to the regulator's website.
Asia's oldest exchange had filed a draft prospectus for the IPO with SEBI in September, seeking to list its shares on larger rival National Stock Exchange (NSE).
The IPO is expected to raise about $200 million, and could be launched as early as this month, banking sources have said.
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