NCDEX Received shares rocked 14% as Radhakishan Damani, Madhu Kela, Zerodha, Groww Commar of Crores

Onbeschatte aandelen van National Commodity and Derivatives Exchange (NCDEX) stegen woensdag met 14,5% naar Rs 475 van Rs 415 een dag eerder, gevoed door een golf van investeringen van enkele van India’s tophandelaren en makelaars, waaronder miljardair -investeerder Radhakishan Damani, Hnish Ramesh Damani en Madhusudhan Kela en platforms zoals Zerodha and Groww.

The hurry comes when NCDEX RS 770 Crore increases prior to its planned Equity segment launch in 2026.

The RS 770 Crore Capital Infusion attracted a mix of institutional and high neat-worthy investors. GROWW received a 2.82% worth of approximately RS 50 Crore, while Zerodha RS invested 17 Crore for an interest of 0.96%. Radhakishhan Damani picked up 1.41% for RS 20.26 Crore and Ramesh Damani, Sunil Singhania and Madhusudhan Kela each invested RS 15 crore for an interest of 0.85%.

Shares in the non -recorded market have risen around 25% in the past month and traded on RS 415 on the non -listed zone platform prior to Wednesday’s profits. In the preferential allocation, shares were priced at RS 197.34 per unit.

Global players join the party

International investors also participated. Citadel Securities, founded by Kenneth Griffin, invested RS 17 Crore, while the high -frequency commercial agency Tower Research in RS 34 Crore invested in the US. Other participants were Kotak Mahindra Life Insurance, JM Financial and Acacia Partners.

NCDEX’s Equity ambitions

Fundraising supports the expansion of NCDEX to shares upon receipt of the approval of SEBI in principle in July to launch the trade in shares and share derivatives. Sources told the Economic Times that NCDEX will start with the cash segment before he goes to derivatives, using the deep national footprint in agricultural products to attract a smaller city traders. “The technology and infrastructure development that is needed for stock segment work is already underway,” said a source that is familiar with NCDEX’s plans. Sebi has controlled the stock market to start with Equity -Contant Trade as a first step. NCDEX positions itself against the Metropolitan Stock Exchange (MSE), which is also planning to offer derivative products, thereby the stage for the intensified competition in the stock trading landscape of India.

Read also | Radhakishhan Damani, Ramesh Damani, Madhu Kela, Zerodha, Groww Line Up to invest crress in NCDEX

(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)