Goldman close to investment in Indian commodities exchange
Goldman Sachs said to be in discussion to acquire 7.5% stake in IndiaÆs National Commodity & Derivatives Exchange Limited (NCDEX) from ICICI Bank.
Goldman, Sachs is currently in discussion to acquire up to a 10% stake in IndiaÆs National Commodity Derivatives Exchange Limited NCDEX.
NCDEX is an online multi-commodity exchange promoted by ICICI Bank, Life Insurance Corporation of India, National Bank for Agriculture and Rural Development and the National Stock Exchange. NCDEX is a public limited, unlisted company and commenced operations on December 15, 2003. It currently facilitates trading of 48 commodities and announced recently that it would be adding onions, potatoes...
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