Kolkata : The public offer of country’s premier bourse BSE Ltd could range between Rs 400 crore and Rs 1,000 crore.
“It is difficult to say anything right now, but it could range anywhere between Rs 400 crore to Rs 1,000 crore,” BSE Managing Director & CEO Ashishkumar Chauhan told PTI. He said a clear picture on the issue would emerge only after BSE received SEBI approval and discussions held with merchant bankers. BSE, Asia’s oldest bourse hoped to hit the market after 5-6 months following approval by the regulator. Listing was decided at the time when the exchange was demutualised. It has 7000 shareholders broadly constituting 40 per cent from the broking community, 30 per cent from foreign institutions, including foreign bourses and the remaining 30 per cent from domestic non-broking institutions. The leading bourse was planning to use Offer for Sale route to hit the market. BSE had applied with the regulator in January and was awaiting clearance.