| Oman Investment Fund (OIF), a sovereign wealth fund (SWF) owned by the Omani government, may buy close to 5% in upcoming Universal Commodity Exchange (UCX), making it the first investment by an SWF in a local commodity bourse and reflecting the growing interest of foreign investors in India's nascent commodity futures market.
The deal, if completed, will value the yet-to-be-launched UCX at Rs 400-500 crore, around 30% lower than that of NCDEX, India's second-largest commodity exchange (commex), promoted by Delhi-based broker Jaypee Capital Services and leading sugar refiner Shree Renuka Sugars.............................................Full Article: Source
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