BSE Merger & Restructuring Worth ₹50.5 Cr
BSE Limited will acquire a 20% stake in India International Bullion Holding IFSC Limited for ₹50.50 Crore to support GIFT City bullion infrastructure development.
- Value
- ₹50.50 Cr
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BSE Limited will acquire a 20% stake in India International Bullion Holding IFSC Limited for ₹50.50 Crore to support GIFT City bullion infrastructure development.
BSE Limited acquired a 3.33% equity stake in India International Bullion Holding IFSC Limited (IIBH) for a consideration of ₹10.10 Crore.
BSE Limited is consolidating its corporate structure by merging two subsidiaries, BSE Investments and BSE Administration & Supervision, into BSE Technologies. BSE Technologies will issue 27,74,38,600 equity shares (₹27.74 Crore) to the parent company. The restructuring aims to eliminate duplicate procedures across sister concerns while maintaining 100% group ownership.
BSE Limited announced the effective merger of its wholly-owned subsidiaries, BSEINV and BASL, into BSE Technologies Private Limited (BTPL). BTPL will issue 27,74,38,600 equity shares to BSE Limited as part of the swap arrangement. The merger aims to simplify the corporate structure and eliminate duplicate procedures while BTPL remains a wholly-owned subsidiary.