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BSE to launch country’s first IPO by a stock exchange

India's second largest domestic stock exchange BSE on Friday said it would hit the market with its initial public offering (IPO) on January 23. 
●    The IPO is expected to be sold in the price band of Rs 800-850 apiece, with existing investors offloading shares worth nearly Rs 1,350 crore through the offer. 
●    BSE has 302 shareholders, including Singapore Exchange and a Citi group unit, who will sell up to 15.4 million shares with a face value of Rs 2 each, the red herring prospectus filed with the market regulator. 
●    The issue will close on January 25. 
●    The Singapore Stock Exchange (4.67 per cent), George Soros-promoted Quantum fund (3.68 lakh shares) and Atticus Mauritius (3.68 per cent) would be among the shareholders who would sell their entire holdings in the exchange. 
●    Deutsche Borse, which holds 4.7 per cent stake in the stock exchange, is not among the selling shareholders. 
●    The Singapore Exchange and Deutsche Borse had acquired 5 per cent stake each in the exchange for a consideration of Rs 200.78 crore each in 2007. 

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