Renuka Sugars sells 7.5 pct stake in NCDEX for Rs 66.54 cr

May 23 2014, 21:13 IST
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SummaryOf the 7.5 pct stake sold by the sugar major, 5 pct has been acquired by the NCDEX original promoter NSE.

reduce its domestic debt.

Earlier this month, regulator FMC had issued guidelines about shareholding norms in national commodity exchanges and as per that no resident individual can hold more than a 5 per cent stake in these bourses.

Only a commodity exchange, stock exchange, depository, bank, insurance company or public financial institution can hold up to 15 per cent in such an exchange.

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