BSE sets IPO price band at 805-806 rupees per share

(Reuters) - Stock market operator BSE Ltd has set the indicative price band for its initial public offering (IPO) of shares at between 805 rupees and 806 rupees apiece, according to a marketing term sheet for the offering. The IPO, which will open for bidding on Jan. 23, will see some of BSE's shareholders selling a total of 15.4 million shares, and will value the stock exchange at 44 billion rupees ($645.02 million) at the top end of the price range. Some of the top BSE shareholders, who will s