India's biggest stock exchange, the National Stock Exchange of India Limited (NSE), has expressed desire to buy a 25 per cent stake in Dhaka Stock Exchange (DSE), in an offer that rivals a Chinese bourse. Vikram Limaye, chief executive officer of the NSE, said, “We are well positioned to help grow the Bangladesh market and the exchange, given our experience and track record.”
Director at the DSE, Rakibur Rahman said the Shenzhen Stock Exchange has offered 22 taka per share to buy 25 per cent of the exchange. A meeting will be held by the bourse soon to finalise the pick before sending the proposal to the nation's securities regulator. “The process is still on and we're hopeful. India and Bangladesh have a strong relationship. We hope that it will help us contribute to the development of markets.” Saifur Rahman, executive director and spokesman for Bangladesh Securities and Exchange Commission said, “We will approve the highest and best offer taking into account Bangladesh's interests.”
