George Soros has picked up a 4 per cent stake in the Bombay Stock Exchange for USD 35 million (over Rs 160 crore).
Soros’s Quantum hedge fund bought the stake from Dubai Financial, a part of the state-run Dubai Holdings, for an estimated Rs. 380 per share, sources said.
With a total of 10.4 crore shares, the deal at Rs. 380 per share values BSE at over $800 million (Rs. 3,952 crore). Over 5,000 companies are listed on the exchange.