DSIJ Mindshare

BSE-Ebix launches JV to set up insurance distribution platform

India’s oldest stock exchange Bombay Stock Exchange signed a memorandum of understanding with the world’s largest insurance exchange Ebix to launch a joint venture company dedicated to set up a pioneering insurance distribution network in India.
 
BSE Investments Limited (BIL) is a wholly-owned subsidiary of BSE, while Ebix Fincorp Exchange is a wholly-owned subsidiary of Ebix will launch the new venture branded as BSE-Ebix to set up an insurance distribution exchange platform. The joint venture enterprise will allow distribution of outlets, stock brokers, wealth management advisors and financial institutions across life and non-life product segments.
 
On Thursday, BSE Limited was trading at Rs. 987.95 per share on NSE at 1515 hours IST. The stock witnessed a traded volume of 55,490 shares and a traded value of Rs. 545.89 lakh on NSE. BSE Limited that made its stock market debut earlier this year had hit its all-time high of Rs. 1,200 per share on February 3, 2017 and 52-week low of Rs. 886.50 per share on March 3, 2017 on NSE, respectively.

DSIJ MINDSHARE

Mkt Commentary8-Jun, 2023

Mindshare9-Jun, 2023

Mindshare9-Jun, 2023

Mindshare9-Jun, 2023

Mindshare8-Jun, 2023

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Investment in securities market are subject to market risks.Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.