Tue, Sep 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Commodities Exchanges more

ICEX weighs UCX proposal for buyout

Posted on 11 September 2013

The decade-old commodity futures market might witness consolidation for the first time with Indian Commodity Exchange (ICEX), owned jointly by Reliance Capital, MMTC and Indiabulls, mulling over a proposal to be acquired by rival bourse Universal Commodity Exchange (UCX).
UCX has been promoted by Ketan Sheth-owned listed exchange solutions provider Commex Technology. “The proposal was discussed and minuted at an ICEX board meeting held a month ago…..A decision can be taken once the valuation and due diligence is completed,” said two people aware of the development………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37062 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930