Aug 22
Soros buys 4% of the Bombay Stock Exchange
U.S. billionaire George Soros bought 4% of the Bombay Stock Exchange to nearly 35 million. An investment made through his Quantum hedge fund.
George Soros bought the stake in the oldest stock exchange in Asia to Dubai Financial Group, a unit of Dubai Holding, controlled mainly by the emir of Dubai, Sheikh Mohammed al Maktoum.
This transaction is the latest in a series of strategic foreign investments in the stock markets and derivatives markets in India. Foreign investors own nearly 30% of the Bombay Stock Exchange (BSE).
Deutsche Börse and Singapore Exchange hold in particular 5%.
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