NMCE to move corporate office to Mumbai
NMCE of India Ltd, the country’s first online demutualised, multi-commodity exchange, has announced its plans to move its corporate office from Ahmedabad to Mumbai.
By ET Online |
NEW DELHI: National Mutui-Commodity Exchange (NMCE) of India Ltd, the country���s first online demutualised, multi-commodity exchange, has announced its plans to move its corporate office from Ahmedabad to Mumbai.
The announcement comes on the back of Reliance Money agreeing to acquire up to 26 per cent stake in NMCE, subject to approval and clearances from regulatory authorities.
���With a renewed focus on growth, NMCE is aggressively looking at expanding its membership network and commodity base offered. We plan to not only launch newer commodities, but also reach out to the huge investor base in the commodity arena through various new schemes and tie-ups,��� said Sudip Bandopadhyay, CEO, Reliance Money, and recently-inducted director on the NMCE board.
Besides plans to move its corporate office to Mumbai, NMCE is also looking at recruitments at various levels to further strengthen its management.
���The decision to move our corporate office from Ahmedabad to Mumbai is a part of our overall strategy to revamp the entire working of the exchange. Though being the country���s first online demutualised, multi-commodity exchange, we have missed out by not being present in the financial capital of the country,��� said Kailash Gupta, managing director, NMCE.
The announcement comes on the back of Reliance Money agreeing to acquire up to 26 per cent stake in NMCE, subject to approval and clearances from regulatory authorities.
���With a renewed focus on growth, NMCE is aggressively looking at expanding its membership network and commodity base offered. We plan to not only launch newer commodities, but also reach out to the huge investor base in the commodity arena through various new schemes and tie-ups,��� said Sudip Bandopadhyay, CEO, Reliance Money, and recently-inducted director on the NMCE board.
Besides plans to move its corporate office to Mumbai, NMCE is also looking at recruitments at various levels to further strengthen its management.
���The decision to move our corporate office from Ahmedabad to Mumbai is a part of our overall strategy to revamp the entire working of the exchange. Though being the country���s first online demutualised, multi-commodity exchange, we have missed out by not being present in the financial capital of the country,��� said Kailash Gupta, managing director, NMCE.
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