Media house TV18, Financial Technologies India Ltd and Liberty Shoes are among the seven bidders interested in buying a stake in Delhi Stock Exchange (DSE) as the defunct bourse gets ready to restart operations.
“So far we have received seven bids, including Financial Technologies, for 51 per cent brokers' stake.” BB Sahny, DSE director and chairman of the demutualisation committee, said.
Two foreign entities Kuwait-based Noor Investments Ltd and US-based Horizon Assets Management Company, domestic footwear manufacturer Liberty Shoes and a group company of TV18 have also bid for picking up stake in the bourse.
Few others are also expected to join the board, Sahny said, adding, “two Asian exchanges are also in talks with us.” Sahny said the bids have been received at an enterprise value of Rs 400-500 crore. At this value, the share price comes about Rs 130-165 apiece.
Source : Television Point