19.08.2011 - NSE gets more time to cut stake in commodities exchange
The National Stock Exchange of India is likely to have until the end of September to reduce its stake in the country's second-biggest commodity bourse following a recently introduced rule, two senior government officials said Thursday. The National Stock Exchange owns 11.1% of the National Commodity and Derivatives Exchange, or NCDEX, but it has to cut its share-holding, because of a rule introduced in July 2010 that prohibits an exchange from owning more than 5% of another..............................................Full Article: Source
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