EHL Eastern Holdings likely to buy stake in USE

Grapevine has it that EHL Eastern Holdings (Mauritius), a relatively less known foreign entity along with three or four unnamed investors, are in talks with the country's youngest bourse, United Stock Exchange (USE), to pick up a stake in it.

USE offers currency derivatives trading and lags competitors NSE and MCX-SX, which also offer a currency derivates segment, by a big margin. BSE holds 15% in USE.

According to a person in the know, USE may expand its equity capital base by issuing fresh shares to the potential investors.