BSE eyes IPO listing

The country’s premier bourse, Bombay Stock Exchange is preparing for an initial public offer (IPO) of shares in order to reduce its over-reliance on revenues from cash equity trading.

“We are in a preparatory stage for a listing,”  BSE Chief Executive Madhu Kannan said at the Reuters India Investment Summit here on Tuesday.

However, Kannan did not give a time frame for the listing saying “We are getting internally ready but the timeframe is something difficult to predict.”