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Oman sovereign wealth fund to buy 5pct in NCDEX

Posted on 23 May 2011

Oman Investment Fund (OIF), a sovereign wealth fund owned by the Oman government, and a hedge fund have agreed to buy part of National Stock Exchange’s stake in National Commodity & Derivatives Exchange (NCDEX) in a deal that would value the bourse at Rs 700 crore.
“OIF has agreed to pick up 5% in the commodity exchange from NSE and a hedge fund will buy 1.1% at a little under Rs 145 a share, the price Renuka Sugars paid to buy 7% in NCDEX from Crisil last year,” said a person aware of the development……………………………………….Full Article: Source


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