BSE Investments Limited acquires 5.88 per cent stake in Open Network for Digital Commerce (ONDC)

ONDC will promote building digital infrastructure through scaling and innovative Open-Source API’s and Open Protocols.

BSE Investments Limited (BSEIL), a 100 per cent subsidiary of BSE acquired 5.88% stake in Open Network for Digital Commerce (ONDC). 

BSE has always been at the vanguard of implementing the best and leading-edge technologies, processes and practices for ensuring the safety and integrity of markets. In line with the trends in international convergence of digital e-commerce the ONDC opportunity is expected to revolutionize the way digital e-commerce as it is aligned with Government’s vision of making India Atmanirbhar. 

ONDC will promote building digital infrastructure through scaling and innovative Open-Source API’s and Open Protocols.  A public design is being envisaged where buyers and sellers are mutually discoverable for ecommerce transactions and decentralized innovative model that encourages open collaboration and interoperability. 

Shri Ashishkumar Chauhan, MD & CEO, BSE said, “We are delighted to partner with ONDC, as this is a great opportunity to participate in this National initiative for digital transformation and financial inclusion.”

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. 

On Friday, stock of BSE has plunged 4.78 per cent on an intraday basis. The stock has gained 36.43 per cent in last one month whereas on a YTD basis the stock has zoomed 39.77 per cent.