News posted by www.newsinfoline.com
Mumbai, May 29 (PTI) The Bombay Stock Exchange shareholders today approved a proposal to sell six per cent stake in the bourse to a strategic investor at its annual general meeting, enabling the board to go ahead with the plan. "The AGM has approved the proposal to sell 6 per cent stake in the company. This will enable the board to take the process ahead," a BSE source told PTI here. The AGM also approved a minimum share price of Rs 375 per piece for the allotment of over 6.5 million shares on a preferential basis to the strategic investor, the source added. Although the AGM has approved the share sale proposal, the sale process may take ''some more time'' and is unlikely to happen in the immediate future, the source said. The AGM also approved the five per cent equity stake for an employee stock option scheme and the induction of Uttam Baggri as member-director on the BSE board, the source said. Two of the directors -- Prakash Kacholia of Emkay Global Financial Services and Ishaat Hussain of Tata Sons have retired from the BSE board.
News posted by www.newsinfoline.com
Click here to read more news from www.newsinfoline.com
Please follow our blogs
newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1
photogallery1
No comments:
Post a Comment