Times of Oman | News :: Omani fund plans to acquire stake in NCDEX:
"Oman Investment Fund (OIF) is in an advanced stage of discussion with Jaypee Capital Services for acquiring 9.7 per cent stake in India's agricultural futures exchange — National Commodity and Derivative Exchange Limited (NCDEX), according to a newspaper report.
India's Economic Times said that Delhi-based broker Jaypee Capital Services, the anchor investor in NCDEX, is in advanced talks with domestic and foreign private equity players to sell a chunk of its 22.4 per cent stake in the bourse. The shareholder, according to sources, is close to selling 14.7 per cent to IDFC Private Equity Fund and Oman Investment Fund for Rs1,320 million ( Rs180 a share). About five per cent will go to IDFC PE for Rs440 million while 9.7 per cent will be sold to OIF for Rs.880 million.
The two deals value NCDEX at Rs9,120 million, lower than rival MCX's value of Rs1,4360 million. Motilal Oswal's Investment Banking arm is Jaypee's advisor."
'via Blog this'
No comments:
Post a Comment