The Bombay Stock Exchange (BSE) and Singapore Exchange Ltd (SGX) recently entered into an Agreement, whereby the SGX will subscribe to the shares of India's oldest and premier bourse at a price of Rs.5,200 per share.

The two exchanges will also explore ways to collaborate in various areas relating to listing and product development. While SGX will leverage its leading position as a regional hub for derivatives and international listings, BSE has a strong presence in India.

While SGX’s investment in BSE is consistent with its strategy of building an Asian gateway for securities and derivatives products, the tie-up will enable BSE to be an important player in the increasingly globalised market place.