BSE and India INX company Sign MoU With Moscow Exchange

BSE (Bombay Stock Exchange) and India International Exchange (India INX) of India are the first Indian exchanges to sign a pact with Moscow Exchange (MOEX) of Russia to link investor community and companies in both countries besides allowing a capital formation platform. The exchange companies have agreed to the secondment of senior personnel to promote understanding of activities in each other’s market. Both the countries are preparing to increase their borrowing plan in the second quarter and implement a new bond-offering mechanism.