| Kotak Mahindra Bank, which holds 51% in Ace Derivatives & Commodity Exchange, is in talks with foreign and domestic investors to sell 11% in the bourse. Anchor investor Kotak has to cut its stake to 40% from 51% by October 26 to comply with a government rules on shareholding in a commodity exchange.
"We are in talks with both foreign and domestic investors who have evinced interest in buying stake in ACE," said Narayan SA, group head, commercial banking, Kotak Mahindra Bank..............................................Full Article: Source
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