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ICEX plans re-launch in June

Posted on 12 April 2016

Reliance Capital-anchored Indian Commodity Exchange (ICEX) on Monday announced it plans to re-launch the exchange in two months, following the successful completion of its rights issue, which was fully subscribed by stakeholders.
The exchange was contemplating a rights issue for long and it was supposed to increase its net worth to meet regulatory criteria. “The board of directors of ICEX, in a meeting held in Mumbai on Monday, took on record that the ICEX rights issue has been fully subscribed at 100 per cent premium to face value, valuing the exchange at Rs 250 crore,” the exchange said………………………………………..Full Article: Source


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