BSE to acquire remaining 50% stake in index provider Asia Index

Stock exchange BSE has decided to acquire the remaining 50 per cent stake in index provider Asia Index from equal joint venture (JV) partner S&P Dow Jones (SPDJ).

The move is estimated to cost the bourse Rs 30 crore. 

After the completion of the transaction, Asia Index will become a wholly-owned subsidiary of BSE.

Market regulator Sebi had approved the acquisition in December.

(This story will be updated shortly) 

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