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Kotak Group to dilute 11 pct stake in Ace Commodity Exchange

Posted on 06 May 2011

Kotak Group, the promoter of Ace Derivatives and Commodity Exchange, is likely to dilute 11 per cent in the commex by August this year, a top company official said.

“Kotak Bank which holds a 51 per cent stake in Ace Derivatives and Commodity Exchange, will dilute 11 per cent stake by August. We are looking at strategic investors who will add value to our growth plans,” Ace Derivatives Chief Executive Officer Dilip Bhatia said……………………………………….Full Article: Source


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