Soros Buys Bombay Exchange Stake

Aug 23 2010 | 11:52am ET

Soros Fund Management has bought a 4% stake in the Bombay Stock Exchange.

The New York-based hedge fund paid about US$34 million for the piece of Indian’s second-largest bourse through its Quantum fund. Soros bought its stake in the Mumbai exchange from Dubai Holdings.

Soros’ move comes ahead of a planned listing of the Bombay exchange.


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