National Commodity & Derivatives Exchange Limited operates as a demutualized on-line multi commodity exchange in India. The company enables trading in various agricultural products, including rubber, pepper, turmeric, jeera, chilli, coriander, chana, kapas, wheat, barley, maize, castor seeds, cotton seed oilcake, soy bean, refined soy oil, mustard seed, crude palm oil, guar seeds and gum, gur, potato, sugar, almond, and mentha oil. It also trades non agricultural products, such as steel, copper, zinc, aluminum, nickel, lead, crude oil, thermal coal, brent crude oil, natural gas, gasoline, heating oil, gold, silver, platinum, certified emission reduction, and polyvinyl chloride. In addition, ...
First Floor Akruti Corporate Park
Near GE Garden
Mumbai, 400 078
Founded in 2003
Larsen & Toubro Reportedly Mulls To Acquire Stake In NCDEX
Jan 20 14
Larsen & Toubro Infotech Limited is seeking to acquire stake in National Commodity And Derivatives Exchange Limited (NCDEX), two sources familiar with the development said. "L&T Infotech is examining documents relating to the performance of NCDEX. The exchange is valued at around INR 10 billion based on recent exits and under the current norms, L&T Infotech can pick up a maximum of 10% stake. A stake buy would boost the crucial BFSI ( banking, financial services and insurance) vertical of L&T Infotech, but these are early stages and it may or may not fructify in a deal", said one of the two sources mentioned above. In NCDEX, the maximum investor stake of 12.5% is held by Shree Renuka Sugars Limited (BSE:532670). Other shareholders include Canara Bank Limited (BSE:532483), CRISIL Limited (BSE:500092), IntercontinentalExchange Group, Inc. (NYSE:ICE), Punjab National Bank (BSE:532461), Life Insurance Corporation of India, Indian Farmers Fertiliser Cooperative Limited, National Bank for Agriculture and Rural Development and Goldman Sachs Investments Holdings (Asia) Limited." If talks reach an advanced stage, one could potentially see stake dilution or multiple exits by the shareholders," said a person close to the transaction. an L&T spokesperson said, "As a large business organization, portfolio review is a continuous process at L&T. We always examine new business opportunities and facilities. However, we comment on such developments only after a decision is arrived at, and do so in compliance with the regulations governing dissemination of such information." When contacted, an NCDEX spokesperson said, "The exchange does not have any information in this regard," Economic Times reported.
National Commodity and Derivatives Exchange Limited Appoints Samir Shah as Deputy CEO
Mar 2 13
National Commodity And Derivatives Exchange Limited announced that the company has appointed Samir Shah as its deputy CEO. Prior to joining the company, Shah was chief business officer at Dubai Gold & Commodities Exchange.
NCDEX Reportedly Eyes NCCL
Jan 2 13
National Commodity And Derivatives Exchange Limited (NCDEX) is reportedly planning to acquire 65% stake in National Commodity Clearing Ltd (NCCL) from National Stock Exchange of India Ltd. at an enterprise value of about INR 50 million. After the acquisition, NCCL would be a wholly-owned subsidiary of NCDEX. The deal is expected to be completed by the end of January, 2013.