goldman-close-to-investment-in-indian-commodities-exchange

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 and basmati rice to the list by end of July. NCDEX also offers some information products such as an agricultural commodity index.

ICICI Bank holds about 15% in NCDEX and it is understood Goldman is...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222