|
|
Article: Canadian investment firm looking to buy 5 pc stake in NSE.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- June 16, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Canadian investment firm looking to buy 5 pc stake in NSE
New Delhi, June 16 (PTI) Canadian investment firm Urbana Corporation has said it is looking to buy a 5 per cent stake in India's largest bourse National Stock Exchange, for an estimated Rs 600 crore.
For the intended acquisition, Urbana's investment firm Caldwell Investment Management has signed an agreement with leading financial intermediary IL&FS to identify the banks and institutional shareholders of NSE, who are interested in selling their equity.
Earlier this month, another overseas fund Norwest Venture Partners signed an agreement to acquire a 2.11 per cent stake in NSE from IL&FS ...