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Sovereign Wealth Funds Briefing - Categorized | Investment

Oman Investment Fund may buy stake in Indian commodities and futures exchange

Posted on 26 August 2013

Economic Times of India reports that Delhi-based broker Jaypee Capital Services is in advanced talks to sell part of its stake in the National Commodity & Derivatives Exchange Limited (NCDEX) to Omani sovereign wealth fund Oman Investment Fund.
Jaypee Capital Services is said to be close to selling 14.7 per cent to IDFC Private Equity Fund and Oman Investment Fund for INR 1.32 billion (INR 180 a share). About five per cent will go to IDFC PE for INR 440 million while 9.7 per cent will be sold to OIF for INR 880 million said Economic Times. The two deals value NCDEX at INR 9.12 billion. Motilal Oswal’s Investment Banking arm is Jaypee’s advisor………………………………………..Full Article: Source


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