DHAKA: The Dhaka Stock Exchange (DSE) expe­cts to close the sale of a 25 per cent stake in the bourse to a Chinese consortium by end-April, after tackling certain issues raised by Bang­ladesh’s securities regulator, a senior DSE executive said on Thursday.

“We hope to close this by the end of April this year,” K.A.M. Majedur Rahman, managing director of DSE, told Reuters.

A Chinese consortium that included the Shenzhen and Shanghai Stock excha­nges, and India’s National Stock Exchange (NSE) submitted rival proposals in December to acquire the stake that DSE put up for sale in its quest for a strategic partner.

The Chi­n­ese consortium was subsequently chosen as the partner.

Rahman said that Bangl­adesh’s Securities and Exch­ange Commission (BSEC) ordered the bourse to ensure that any transaction did not include terms that contradicted the laws of the country, or any terms that harmed the interest of other shareholders of the DSE.

Published in Dawn, March 23rd, 2018