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COMMEX EQUITY
Bombay Bullion Association plans to buy 5% stake in MCXThe plan comes on the heels of the MCX board having directed the exchange’s promoter Financial Technologies to cut its stake to 2% from 26%...
Commex intra-day turnover slips as commodity transaction tax comes into forceCTT at 10 per lakh is levied on sellers of non-farm commodities like gold and silver and processed products like soya oil and sugar. This i...
- Universal Commodity Exchange seeks FMC nod to start operations
Ramesh Abhishek, chairman, FMC, confirmed having received an application from UCX. "They (UCX) have informed us about having met the equity...
- Commex tech looks to sell up to 10% in UCX to SBI
Oman Investment Fund recently received the FIPB approval to pick up 5% in the bourse for 13.75 crore at a premium of 17.5 per share.
- Commexes fight move to impose securities transaction tax on futures
Alleging that certain "vested interests" were misrepresenting data to get the government to levy a transaction tax on commodity derivative ...
- REC close to buying 16% in UCX for Rs 16 crore
Rural Electrification Corporation is close to buying 16% in upcoming commodity futures bourse Universal Commodity Exchange for Rs 16 crore.
- Oman Investment Fund seeks government nod for UCX stake buy
Oman Investment Fund (OIF)has filed a fresh application with the government to buy a stake in Universal Commodity Exchange.
- Sebi clears commodity exchange MCX's IPO plans and paves way for 5% stake cut by promoter FT
Market regulator Sebi has approved an IPO from commodity exchange MCX, brightening existing shareholders’ prospects of exiting the company.
- UCX asks for more time to offload its equity
Ketan Sheth, the promoter of the sixth national commodity exchange, UCX, has asked the Forward Markets Commission (FMC) for six months more...
- Oman sovereign wealth fund to buy 5% in NCDEX
To pick up stake from National Stock Exchange, valuing commodity bourse at Rs 700 crore.
- FMC unlikely to extend paid up capital deadline
FMC is unlikely to extend the March 2011 deadline for existing exchanges to raise their minimum paid-up capital requirement to Rs 50 crore.
- Bajaj Holdings picks up 12.8% stake in NMCE
The company has paid a premium of Rs 92 on a share having a face value of Rs 10, which is in excess of the Rs 55 a share premium Reliance C...
- Commexes given more time to up equity capital
National commodity exchanges have been given more time to raise their equity capital by the commodity futures market regulator.
- Renuka, Jaypee Cap may team up to buy up to 26% in NCDEX
Shree Renuka Sugars and Jaypee Capital will form a consortium for picking up to 26% stake, or become an anchor investor, in NCDEX.
- Commodity volumes fall as traders turn to stocks
Bullishness in the stock market has not just attracted those who had moved away from it but also the commodity traders who have now started...
- Commexes asked to dilute foreign equity exceeding 49%
The government has directed all commodity exchanges to divest foreign equity exceeding the permitted ceiling of 49% by June 30, 2009.
- Sen’s take on wheat & rice futures to decide FDI’s future on commexes
The government is unlikely to come out with new FDI norms for commodity exchanges before receiving the final report on wheat and rice futur...