Investment20 Aug 2025, 01:50 pm
Algoquant Fintech to Invest Rs. 5 Crores in NCDEX, Acquiring 0.28% Stake
AI Summary
Algoquant Fintech Limited has announced an investment of up to Rs. 5,00,00,036/- in National Commodity & Derivatives Exchange Limited (NCDEX) by way of acquisition of equity shares. This decision was made at the Board of Directors meeting held on August 20, 2025, and the investment will be for 2,53,370 equity shares, constituting 0.28% of the post-issue capital of NCDEX.
Key Highlights
- Algoquant Fintech to invest Rs. 5 Crores in NCDEX
- Investment will be for 0.28% stake in NCDEX
- NCDEX is a nation-level Commodity Exchange with a commitment to provide a world-class platform
- NCDEX has a strong turnover history with FY 2024-25 turnover at Rs. 122.06 Crores
- The investment is expected to be completed within 60 working days from the date of disclosure