11.09.2013 - ICEX weighs UCX proposal for buyout
The decade-old commodity futures market might witness consolidation for the first time with Indian Commodity Exchange (ICEX), owned jointly by Reliance Capital, MMTC and Indiabulls, mulling over a proposal to be acquired by rival bourse Universal Commodity Exchange (UCX). UCX has been promoted by Ketan Sheth-owned listed exchange solutions provider Commex Technology. "The proposal was discussed and minuted at an ICEX board meeting held a month ago.....A decision can be taken once the valuation and due diligence is completed," said two people aware of the development...............................................Full Article: Source
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