Acquisitions3 Oct 2025, 05:40 pm
Algoquant Fintech Completes Acquisition of 0.28% Stake in NCDEX for Rs. 5 Crores
AI Summary
Algoquant Fintech Limited has completed the acquisition of 2,53,370 equity shares constituting 0.28% of the post-issue capital of National Commodity & Derivatives Exchange Limited (NCDEX). This is in furtherance to the disclosure dated August 20, 2025, regarding the approval for investment of Rs. 5,00,00,036/- in NCDEX. The requisite conditions stipulated in the share subscription and shareholder’s agreement have been fulfilled by both parties. The transfer of Rs. 5,00,00,036/- towards the acquisition of NCDEX shares has been completed.
Key Highlights
- Algoquant Fintech has completed the acquisition of 0.28% stake in NCDEX
- The acquisition was completed on August 20, 2025, with an investment of Rs. 5,00,00,036/-
- The acquisition involves the transfer of 2,53,370 equity shares of NCDEX
- The acquisition is in accordance with the share subscription and shareholder’s agreement
- The acquisition has been completed after fulfilling the requisite conditions