Shareholders of India's dominant commodity futures exchange pocket $134 million from the country's first IPO in seven months.
India's largest commodities exchange sets the price range for an initial offering of up to $134 million. The deal will kick off with the anchor tranche on Tuesday.
India's Financial Technologies announces plans for the new exchange just weeks after a similar initiative was revealed in Hong Kong, underlining the continued competition between the two trading hubs.
Financial Technologies, the founder of India's Multi Commodity Exchange, raises $100 million from its first convertible bond issue to finance expansion of core businesses.