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Stanchart Mauritius Buys USE Stake

Standard Chartered Bank has acquired a 3% stake in United Stock Exchange of India.

    Standard Chartered Bank (Mauritius)has acquired a 3% stake inUnited Stock Exchange of India(USE),Indian Expressreports. The financial details of the transaction have not been disclosed.

    USE operates in the currency derivatives segment and offers currency futures in all the four currency pairs permitted bySecurities and Exchange Board of India(SEBI). The exchange’s shareholders include all 21 public sector banks, two public sector units, six private sector banks and corporate institutions such as theBombay Stock Exchange.

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