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NMCE to raise Rs 50-60 cr for overseas strategic investments

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Press Trust of India Mumbai

The National Multi Commodity Exchange (NMCE) plans to raise Rs 50-60 crore by inviting strategic investors from abroad, a top exchange official said.     

The funds raised would be used to fuel the exchange's expansion, NMCE Managing Director Kailash Gupta told reporters here today.

"We are not diluting any stake but (only) looking at strategic investments," Gupta clarified.     

"Our merchant bankers are in talks with the foreign investors (for this purpose)," he said.

 

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First Published: Jul 15 2009 | 2:14 PM IST

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