NCDEX to decide on raising additional equity this month

Oct 07, 2010 |

IANS

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NCDEX

The National Commodity and Derivatives Exchange (NCDEX) will take a final call on the mode for raising Rs.12.50 crore equity capital this month while it waits for approval to restart futures trading in sugar.

'We are evaluating options for raising our paid up equity capital by Rs.12.50 crore to Rs.50 crore-the minimum capital for commodity exchanges. The modality of raising the capital will be decided by the end of this month,' Managing Director and Chief Executive R. Ramaseshan told reporters here Thursday.

He declined to comment on the reported decision of NCDEX to induct Jaypee Capital as an anchor investor offering 26 percent stake.

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