Investment27 Oct 2026, 07:40 pm
SecMark Consultancy to Invest ₹48 Cr in Mineral Exchange Subsidiary
AI Summary
SecMark Consultancy Ltd announced its intention to establish and operate a Mineral Exchange through its wholly owned subsidiary, Markets on Cloud Private Limited (MOC), or a newly incorporated subsidiary. The company proposes to invest up to ₹48,00,00,000/- (₹48 Crore) in MOC or the new subsidiary via equity, preference shares, or other financial instruments. This investment is subject to registration with the Indian Bureau of Mines (IBM) and other applicable laws and approvals. The application to IBM is expected by November 02, 2026. The move aims to leverage synergies with SecMark's existing technology solutions for market participants in the mining industry.
Key Highlights
- SecMark Consultancy plans to launch a Mineral Exchange.
- Investment of up to ₹48 Crore planned for the subsidiary.
- Subsidiary will operate under IBM regulations.
- Synergies expected with existing technology solutions business.
Price Impact
More from SECMARK