Bombay Stock Exchange Gets Nod for IPO

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Indian Stock Exchange, BSE has got clearance for its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI).

BSE had filed a draft prospectus for the IPO with SEBI in September, seeking to list its shares on larger rival National Stock Exchange (NSE).

The IPO is expected to raise about $200 million, and could be launched as early as this month, banking sources have said.

A listing would come ahead of the NSE, which had filed its IPO prospectus last month.

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