| The board of the BSE, the largest shareholder in the United Stock Exchange (USE), has decided to merge the struggling currency bourse with itself, a move that will boost its own stressed currency trading business that is dominated by rival National Stock Exchange.
When contacted today, a spokesman for the Bombay Stock Exchange (BSE) confirmed the board approval for the merger and said it would soon seek approvals from Sebi and other regulatory bodies. The spokesman said the move was backed by the USE board. However when contacted, a USE spokesman declined to comment............................................Full Article: Source
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