BSE Investments Limited acquires 5.88 per cent stake in Open Network for Digital Commerce (ONDC)
BSE Investments Limited (BSEIL), a 100% subsidiary of BSE acquired 5.88% stake in Open Network for Digital Commerce (ONDC).
cityairnews
Mar 25, 2022 01:39
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Mumbai, March 25, 2022: BSE Investments Limited (BSEIL), a 100% subsidiary of BSE acquired 5.88% stake in Open Network for Digital Commerce (ONDC).
BSE has always been at the vanguard of implementing the best and leading-edge technologies, processes and practices for ensuring the safety and integrity of markets. In line with the trends in international convergence of digital e-commerce the ONDC opportunity is expected to revolutionize the way digital e-commerce as it is aligned with Government’s vision of making India Atmanirbhar.
ONDC will promote building digital infrastructure through scaling and innovative Open-Source API’s and Open Protocols. A public design is being envisaged where buyers and sellers are mutually discoverable for ecommerce transactions and decentralized innovative model that encourages open collaboration and interoperability.
Shri Ashishkumar Chauhan, MD & CEO, BSE said, “We are delighted to partner with ONDC, as this is a great opportunity to participate in this National initiative for digital transformation and financial inclusion.”
