Bombay Stock Exchange (BSE) and Singapore Exchange (SGX) clarify that that the news reports today about BSE planning to take legal actions against SGX are inaccurate and without basis.
SGX has a strong and long-standing relationship with the BSE and has been a shareholder in the BSE since March 2007 when SGX acquired a 5% stake in BSE. Both exchanges are in dialogue on various business areas, exploring opportunities that are mutually beneficial to both markets.
The Investment Agreement entered into by the SGX and BSE in 2007 clearly contemplates the launch of Nifty-related products, including Nifty options, by SGX.