NCDEX shareholders approve RS 770 CRORE Preferential issue to finance shares, launching share derivatives

The largest Agri-Commodity index of India, the National Commodity & Derivatives Exchange (NCDEX) On Friday, the approval of the shareholders received the issue of more than 3.91 crore shares with a value of RS 770 crore to a pool of investors on a prefertial basis.

The shares of nominal value RS 10 each, bear a premium of RS 187.34, said a release of the company. The approval came in the 22nd annual general meeting of the NCDEX that is being held today.

NCDEX received an approval of Market Regulator Securities and Exchange Board of India (SEBI) in July of this year to launch its segment shares and shareholding. ETmarkets first reported on the regulatory kink.

Also read: NCDEX gets in-princope Sebi nods to launch shares, derivatives; Plans RS 750 Crore Fundraising: Source

After receiving Sebi’s Go-Ahead, the company raised money from a diversified pool of 61 investors consisting of a mix of institutional investors, financial partners, PE companies and HNIS.

Lees ook: Radhakishan Damani, Ramesh Damani, Madhu Kela, Zerodha, Groww line-up om crores te investeren in NCDEX “Dit markeert een belangrijke mijlpaal in de reis van NCDEX om te transformeren in een multi-asset-uitwisselingsplatform afgestemd op het fonds van de capital en de fonds van het fonds. Deze uitgifte zal worden gebruikt voor op maat Technology -infrastructure, connectivity, risk management architecture, compliance with regulations and initiatives for market development, “the company said in a press statement.
NCDEX will introduce its Equity -Cash Market segment in 2026, which will be followed by share derivatives to guarantee smooth acceptance and robust liquidity.

In commentary on development, MD & CEO Arun rave this fundraising as a determining step in the transformation of NCDex in a multi-segment exchange. “The members will be able to take advantage of the trading of both the raw material and stock segments under one platform,” he said.

“With a strong institutional support, advanced infrastructure and legal coordination, we are ready to deliver a credible, transparent and competitive platform in shares and share residence. This expansion will enable us to serve a broader participant’s base and play a pivotal role in the financial markets of India,” Raste.

The NCDEX shares have generated a lot of buzz in the non-listed market, making a multibagger with 132% return for a period of 1 year. It is currently being traded on RS 488 in the non -listed zone.

Also read: NCDEXs Non -Genotated Shares rise 150% in a year on Sebi’s Equity -Knik, Investments by Groww, Zerodha. Can the rally last?

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