One of Asia's largest bourses, the Bombay Stock Exchange is said to be planning to buy stake in Computer Age Management Services, or CAMS. For the share of the investor services company, BSE will be paying 650 crore rupees.

Sources close to the development said that BSE is going to buy 51 per cent stake in this company and will be doing so from the mortgage lender, Housing Development Finance Corp, private fund Advent International and Acsys Software.

But not much of the deal has been finalised till now and it is also said that it is not sure if the talks will actually lead to some result.

No comments were made from the BSE or CAMS. An HDFC spokesperson also declined to make any comment.

The present value of BSE is about 1,900 crore rupees and is looking to go into other finance-related sectors as it finds nothing much to do in its core field. It has in the past also invested in mutual funds and other forms of investment.

Such aggressiveness has come more after it was found that NSE has been doing well as a market as in preferred over BSE.