Standard Chartered Bank (Mauritius) has acquired a 3% stake in United Stock Exchange of India (USE), Indian Express reports. The financial details of the transaction have not been disclosed. USE operates in the currency derivatives segment and offers currency futures in all the four currency pairs permitted by Securities and Exchange Board of India (SEBI). The exchange’s shareholders include all 21 public sector banks, two public sector units, six private sector banks and corporate institutions such as the Bombay Stock Exchange.
Click here for the story from Indian Express.
Click here for the additional coverage from India Infoline.