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Commodities Briefing - Categorized | Commodities Exchanges, M&A, Trading Platforms more

Reliance Money to buy 15% in HKMEx

Posted on 14 October 2008

From Indiatimes.com: Reliance Money, the retail brokerage arm of Reliance Capital, is buying15% stake in Hong Kong Mercantile Exchange (HKMEx). This would be the first time an Indian firm is buying stake in an overseas exchange. The deal comes at a time when the global financial markets are in a state of flux.

ET had first reported that Reliance Money was close to picking up a substantial minority stake in HKMEx, in its edition dated September 6. As reported earlier, HKMEx was keen to sell up to 26% stake to Reliance Money….. Full Article: Source


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VRS - who has written 37214 posts on Opalesque Commodities Briefing.


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