Friday 20 August 2010

Soros buys 4 pct in India's BSE for $35 mln

Billionaire financier George Soros has bought a 4 percent holding in India's Bombay Stock Exchange for about $35 million, two sources with direct knowledge of the deal told Reuters on Friday, valuing the bourse at around $875 million.

Soros' Quantum hedge fund acquired the stake in Asia's oldest exchange from Dubai Financial, part of sovereign fund Dubai Holding, the sources said.

The sources declined to be named as they were not authorised to speak to the media before an expected formal announcement.

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