Reliance Capital Ltd has informed BSE that Reliance Exchangenext Limited (R Next) a wholly owned subsidiary of Reliance Capital Limited has acquired 26% stake in Indian Commodity Exchange (ICEX) from Indiabulls Financial services Ltd.
The commodity market regulator Forward Market Commission (FMC) has already approved Reliance Exchangenext Ltd. as the Anchor investor of ICEX. R Next now holds 26% stake of ICEX share holding.
In this regard, the Company has issued a Press Release dated January 03, 2011 titled "Reliance Capital enters commodity futures exchange business" | | Source : BSE |
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