U.S. billionaire investor George Soros has contributed to the Stock Exchange Bombay. Soros Quantum hedge fund had acquired a 4% share of Asia’s oldest exchange, Dubai Financial, said a spokesman for the Bombay Stock Exchange on Friday. For more details, he did not name .
One person familiar with the matter that put the investor for the participation of about 380 INR ( the equivalent of $ 8.2 ) per share or a total of about USD 34 million on the table. This is the exchange rate with a total of around 850 million USD.
Representatives of Quantum and Dubai Financial were not immediately be reached for comment.
At the Bombay Stock Exchange was founded in 1875 more than 4,900 companies are listed . As of 18th June was the public shareholding in the stock market at 56.37 %, the remaining shares were held by exchange members and their associates , as is evident from data on the stock exchange website.
In India , foreign investors own more than 5 % of local stock exchanges. Among the foreign shareholders of the Bombay Stock Exchange are also competitors German stock exchange and Singapore Stock Exchange, which both have 5% each .
Source: Times News World