The main stock exchange of Bangladesh, the Dhaka Stock Exchange (DSE) strategic investor, is a coalition of China's Shenzhen Stock Exchange and the Shanghai Stock Exchange. The Securities and Exchange Commission (BSEC), the capital market regulator, has approved this proposal on Thursday.
Earlier on Monday, the general approval of the shares to the Chinese alliance was unanimously approved by the existing shareholders of DSE. Then today the final approval of the regulatory body is approved. Earlier, a coalition led by the National Stock Exchange of India, along with China's alliance partner, expressed interest in becoming a DSE's proprietary partner. But China's alliance was ahead of the bidding proposal. But behind the bidding proposal, the alliance led by the National Stock Exchange of India created a lot of lobbying and pressure to become a partner of DSE.
DSE today said the Chinese alliance will buy the shares of DSE at Tk 10 each for a face value of Tk 10. However, the BSEC gave several conditions for this. One of the conditions is that all the activities related to it will be comply with the laws of securities and other related laws.