| From Business-standard.com: The new entrant in commodity futures space, ACE commodity exchange, has decided to expand capital base by 20 per cent by next July-August. A majority stake in the exchange is owned by the Kotak Mahindra Bank.
By doing this the exchange’s capital base would expand by Rs20 crore and premium (depending upon valuations) will be added to reserves. After this, Kotak’s share will fall from 51 per cent to 40 per cent which will be in line with the regulatory norms..............................................Full Article: Source
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