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MSE divestment process on

CHENNAI: Even as the deadline for accepting bids is set to end on July 27, the disinvestment proposal of the Madras Stock Exchange (MSE) has elicited good response.

Interestingly, the State Government-owned Tamil Nadu Industrial Development Corporation (TIDCO) has shown interest in picking up a stake in MSE.

TVS Group, Ashok Leyland and Amalgamation Group, have indicated their desire to invest in MSE.

MSE set in motion the process of `de-mutualisation’ sometime ago by inviting expression of interest from prospective bidders for equity stake in it. The exchange is planning to disinvest 51 per cent stake.

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