This milestone was reached after a series of share purchases from key stakeholders including Singapore Exchange (SGX), San Miguel Corp. (SMC), Bankers Association of the Philippines (BAP), American International Assurance (AIA), Tata Consultancy Services (TCS), and the government-run Social Security System (SSS).
The most recent deal closed on April 14, 2025, with TCS selling 8 percent of PDS Group to the PSE. This followed earlier acquisitions from BAP members and other financial institutions.
PSE’s expanded stake includes its original 20.98 percent holding plus shares acquired through more than a dozen transactions in recent months. The largest block came from BAP and its affiliates, contributing 18.8 percent, which closed in Feb. this year.
The goal of these acquisitions is to create a single exchange that handles everything—stocks, bonds, trading, clearing, and settlement—all in one place. This setup follows global standards and is expected to improve safety, monitoring, and allow for new products like derivatives.
