Deal would add to BSE's currency business and consolidate Indian market
BSE shareholders have approved a deal to acquire regional
rival the United Stock Exchange of India.
BSE, formally known as the Bombay Stock Exchange, began
talks with USE in March this year over the possible deal that
would strengthen its currency business.
Shareholders in BSE approved the deal at a meeting this week
and the exchange is now seeking approval from the Bombay High
Court to approve the merger.
The Competition Commission of India and the Securities and
Exchange Board of India have both the deal in August.
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