The application for the merger of BSE with USE is also filed before the Bombay High Court for approval, BSE said in a press release late on Monday.
The boards of the BSE and the USE had approved the merger of both the exchanges in May this year. Under the merger terms, a USE shareholder will get 1 share of BSE for every 385 shares held. The merger will lead to dilution of around 3.2% for BSE.
BSE currently holds 14.56% in USE and had invested Rs 22 crore. The deal values BSE at Rs 3,900 crore and USE at Rs 150 crore. The move is aimed at giving a boost to BSE's stressed currency trading business that is dominated by rival National Stock Exchange (NSE).