The Hindu Business Line : Crisil to pick up 12.1 pc stake in NCDEX

"Crisil will pick up 12.1 per cent of the equity share capital of NCDEX and the amount of investment will involve around Rs 2.662 crore," Mr R. Ravimohan Managing Director, and Chief Executive Officer (CEO) of Crisil, said in a release.

"This equity investment would not only be synergistic for the current business, but would throw open a number of new opportunities, such as to introduce ratings for member and warehouse, extending Crisil market wire, the real time news services for the commodities market, and providing risk management services for the players in the commodities market," he said.

"The equity investment links the need for Crisil, the leader in Information Services business for providing specialised services for the various players in the commodities market," he said.

"The commodities market worldwide is much bigger than the equity markets and India should witness a similar trend. NCDEX is committed to become one of the largest commodity exchanges in India. NCDEX has already commenced trading in bullion and is expected to introduce a number of other commodity products in the near future," he added.

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