| From Indiatimes.com: HDFC Bank and Yes Bank are expected to be shareholders in the new commodities bourse promoted by Indiabulls Financial Services and government-run MMTC. Other than the two banks, India Potash, another PSU under the Department of Fertilizer, would also buy some stake in the commodities exchange.
Market sources said Indiabulls-MMTC combine has written to the Forward Markets Commission the regulatory body in India. And the three entities jointly is expected to buy up to 45% stake in the commodities exchange. .... Full Article: Source
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