The Hindu Business Line : 3 more entities submit EoI for DSE stake

New Delhi, Aug. 10 The Delhi Stock Exchange has received expression of interest (EoI) from three more entities including Kuwait-based NIG Holdings, taking the overall count of the parties interested in the demutualisation exercise to ten till date.

A senior DSE official also said that two more EOIs are in the pipeline and expressed confidence over meeting the SEBI specified deadline of August 28 for completing the demutualisation exercise.

“We have already conveyed to SEBI the names and details of six investors who have expressed interest. Four more names would be sent to SEBI today”, a senior DSE official said.

Already seven parties including Financial Technologies India and Kuwait-based Noor Investments have expressed interest for picking up 5 per cent state each in DSE, which is one of the oldest stock exchanges in the country. However, sources said that the application of US-based Horizon Assets Management, which had earlier expressed interest and formed part of the seven parties, is for the time being treated as withdrawn.

The others who are understood to have expressed interest in picking 5 per cent stake each in DSE include Suraj Diamonds, Passport India Investments (Mauritius), Om Metals, Parsvanath Developers, Alcazar Capital Markets and Lamb Company (Mauritius).

As per SEBI guidelines, no person or person in concert can take more than 5 per cent of the equity capital of a stock exchange.