The London Stock Exchange Group (LSEG) and the NSE signed a letter of intent to evaluate joint strategic business opportunities and co-operate more closely in the future, the NSE said in a statement.
Under the agreement, the two exchanges will explore the feasibility of an agreement whereby FTSE Group may licence the FTSE 100 Index to the NSE and the Indian bourse may licence its benchmark Nifty-50 to LSEG for trading purposes.
"We are confident that the letter of intent with the LSE will open up newer investment opportunities for Indian investors and expand the bouquet of investible instruments NSE platform provides," NSE Joint MD Chitra Ramkrishna Ramkrishna said.
"We also hope to draw upon the expertise of LSE in the SME segment for the benefit of Indian SMEs and investors," she added.
The agreement was signed here by LSEG Chief Executive Xavier Rolet and NSE's Ramkrishna in the presence of UK Chancellor of Exchequer George Osbornse, who is leading a high-profile British business delegation to Mumbai.
"We are optimistic about India's remarkable growth story and feel strongly that a business relationship with India's leading stock exchange opens exciting investment opportunities for Indian investors in international companies, as well as give international investors greater opportunities to participate in India's growth," Rolet said.
Source http://www.financialexpress.com/news/LSE-to-explore-biz-opportunity-with-NSE/652903/
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