NCDEX Secures ₹770-Crore Equity Push with Heavyweight Investors

NCDEX has assembled a formidable lineup of investors for its ₹770-crore preferential share issue, marking its strategic entry into the equity segment. Globe Capital Market, Kotak Mahindra Life Insurance, Tower Research Ventures, and Billionbrains Garage Ventures are among the key players, each proposed to hold over 2% stakes.

The roster includes more than 60 investors, blending global giants like Citadel Securities Principal Investments and Acacia Banyan Partners with domestic firms such as Share India Securities and Jainam Broking. Online brokers Zerodha and Groww are also participating, alongside notable individuals like Radhakishan Damani and Madhusudan Kela.

Globe Capital emerges as the largest investor, committing ₹51 crore for a 2.9% post-issue stake. The commodity exchange plans to issue 3.9 crore shares at a premium of ₹187.34 per share, with shareholder approval sought by September 25. Proceeds will fuel its equity trading ambitions, following July's regulatory nod.