Bloomberg News

India Regulator Asked NSE to Cut Ncdex Stake to 5% by Sept. 30

October 17, 2011

Oct. 17 (Bloomberg) -- India’s commodity market regulator asked the National Stock Exchange Ltd., the nation’s biggest bourse, to reduce its stake in the National Commodity & Derivatives Exchange Ltd. to 5 percent by Sept. 30.

The Forward Markets Commission on Sept. 27 notified the exchange the federal government’s approval of a deadline of Sept. 30 for completing the sale of equity in excess of 5 percent in the commodity exchange to Oman Investment Fund, the regulator said on its website.

To contact the reporter on this story: Swansy Afonso in Mumbai at safonso2@bloomberg.net

To contact the editor responsible for this story: Thomas Kutty Abraham at tabraham4@bloomberg.net


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