Algoquant Fintech to Invest Rs. 5 Crores in NCDEX, Acquiring 0.28% Shares

Algoquant Fintech Limited has announced an investment of up to Rs. 5,00,00,036/- in National Commodity & Derivatives Exchange Limited (NCDEX) through the acquisition of 2,53,370 equity shares, which constitutes 0.28% of the post-issue capital of NCDEX. This investment does not fall under related party transactions and is done at arm's length. The acquisition aligns with Algoquant's strategic goal of strengthening its presence in the financial services and securities market ecosystem. The investment will be completed within 60 working days from the date of this disclosure, with a cost of acquisition of Rs. 197.34 per equity share.