BSE Calls Off Merger Of IFSC Stock Exchanges

The proposed merger between India INX and NSE IX—the two stock exchange arms of the National Stock Exchange and BSE Ltd. at the International Financial Services Centre—has been called off, according to people with knowledge of the matter. The two stock exchanges are located at the Gujarat International Finance Tec-City in Ahmedabad.India INX, the arm of BSE, has called off the proposed merger and has conveyed the same to NSE IX. The ...