From Trading Floors to Training Doors: BSE Ltd Divests BSE Institute to AV Financial Experts Network

BSE Ltd has also decided to transfer its entire 100% equity in BSE Institute Limited (BIL) to AV Financial Experts Network Private Limited. The total consideration for the above is ₹169 million. The move is in line with the consistent efforts of BSE towards consolidating its operations and concentrating on its core business verticals.

 

The sale, which has also been approved by BSE Board of Directors, is subject to standard terms and conditions, statutory and regulatory approvals. Divestment is part of BSE strategy to realize value in its subsidiaries and redeploy the capital on future growth initiatives.

 

BSE Institute Limited, a subsidiary wholly-owned by BSE Ltd, has been one of the leaders in financial training and education. The takeover by AV Financial Experts Network is likely to bring new synergies and add to BIL's role in the business.

 

The deal is likely to be concluded upon satisfaction of all conditions and approvals. BSE Ltd has also pledged to make all disclosures necessary under SEBI regulations as the process moves forward.

 

This is an important move for BSE Ltd as it continues to refine its business portfolio and optimize shareholder value.

 

Source: NSE Corporate Disclosure