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Deccan Herald » Business » Detailed Story
BSE plans comex foray
Mumbai, PTI:
The Bombay Stock Exchange plans to pick up 26 per cent stake in Ahmedabad-based National Multi-Commodity Exchange of India Ltd an announcement of the formalisation of the tie-up is expected on Monday.


In June 2007, the Bombay Stock Exchange had approached the Forward Markets Commission , the commodities market watchdog, for buying 26 per cent stake in NMCE. The valuation for the stake sale to BSE is not known, but the new capital infusion with a premium is expected to be around Rs 100 crore. A senior BSE official, who did not wish to be identified, declined to comment on the value of the deal.

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