BSE plans to hire banks for $150 million IPO

Written By: Reuters Reuters Updated on: August 12, 2016, 06.09 PM IST

BSE plans to hire banks for $150 million IPO

BSE Ltd, India's second-biggest exchange, plans to hire Axis, Edelweiss, Jefferies and Nomura as joint global coordinators for a $150 million initial public offering in India, IFR reported, citing two sources close to the transaction.

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Deutsche Bank, Motilal Oswal and SBI Capital Markets will also be hired as bookrunners, reported IFR, a Thomson Reuters publication.

BSE will file a draft prospectus for the IPO by next month and plans to launch the offering before March 31, 2017, IFR added.

(Reporting by Rafael Nam; Editing by Subhranshu Sahu)

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