The extension of the deadline for submission of the expressions of interest (EoIs) by the Forwards Markets Commission (FMC) for setting up the National Commodities Exchange has paid off. Nine new applicants have bid for the multi-commodity exchange, taking the total number to 16. The applicants include three stock exchanges, two agri-business portals and four associations.
The commission had extended the time limit till May 31, from the earlier set date of April 18, for inviting a greater participation.
Officials in the commission told Business Standard that the Inter-Connected Stock Exchange, the Hyderabad Stock Exchange and the Ahmedabad Stock Exchange had bid.
Other applicants include Pepper and Ginger Merchants
