Sunday, 24 July 2016
Last updated 1 day ago
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.