BSE warns against unauthorised offers for its unlisted shares
BSE is expected to file IPO papers with market regulator Sebi next month to mop-up Rs 800 crore. The exchange’s initial share-sale programme may hit the market this financial year.
Warning investors against unauthorised offers, BSE said in a notice, “Certain persons and/or entities have been circulating communications soliciting offer to purchase/deal in the shares of the exchange while such shares are unlisted.”
It further said, “Such communications have not been directly or indirectly solicited or prompted by the Exchange, nor does the exchange endorse communications of such nature in any manner whatsoever. Any offer or solicitation pursuant to such communications should be carefully evaluated with respect to their legality as well as the risks involved in the same.”
The exchange said any person who chooses to participate in any transaction pursuant to such communications (whether as buyer or seller), “does so entirely at their own risk”. The bourse plans to sell up to 30 per cent stake in its much-awaited initial public offering.