Bombay Stock Exchange's IPO may be delayed

[alok agarwal]

The BSE would be missing the year-end deadline it had set for itself for going public, as the oldest bourse of Asia is yet to hear from market regulator Sebi on its IPO application.

"The exchange is yet hear from the Sebi, despite it submitting all the clarifications that the regulator sought after filing the IPO documents a few months back," a source told PTI.

Managing director and chief executive of the Bombay Stock Exchange Ashishkumar Chauhan refused to comment. Sebi officials too could not be contacted.

Last December, BSE appointed 14 merchant bankers for the IPO and had said it was planning to hit the markets by the end of the year.

http://www.rediff.com/business/slide-show/slide-show-1-bombay-stock-exchanges-ipo-may-be-delayed/20131104.htm