One of US's leading investor, billionaire George Soros has bought 4 per cent stake in Indian bourses. This he did by taking over stake in the Bombay Stock Exchange, BSE.

He bought the stake from Dubai Financial, a spokesman for the Indian bourse said on Friday. Sorous used his hedge fund, Quantum hedge fund as the means to take over the stake.

No further detail regarding the issue was given.

Meanwhile, in a report published in the Dow Jones Newswires, Soros has pad rupees 380 per share for the deal. This was said by a person close to the development on condition of anonymity. As per his estimates, the value of Asia's oldest exchange is rupees 850 million.

Keeping that in mind, his stakes should be worth rupees 34 million. No comments from any of the parties involved, was made.

As of today, BSE has 56.37 per cent of public holding, the rest is owned by the trading members and their associates, according to data on the BSE website.

Soros is the third foreign party to own stake in BSE. Besides him, the others are Deutsche Boerse and the Singapore Stock Exchange. They have 5 per cent each.