Monarch Networth Capital Limited has entered into a Share Subscription Agreement (SSA) with National Commodity & Derivatives Exchange Limited (NCDEX), agreeing to invest ₹10.00 crore by subscribing to 506,740 equity shares priced at ₹197.34 per share. This investment represents approximately 0.56% of NCDEX's post-issue paid-up share capital.
The investment is subject to the fulfillment of stipulated conditions precedent as outlined in the SSA. The acquisition is aimed at strengthening Monarch Networth's presence in the financial services and securities market ecosystem.
Details of Investment
| Particulars | Details |
|---|---|
| Name of the Target Entity | National Commodity & Derivatives Exchange Limited ("NCDEX") |
| Cost of Acquisition | ₹197.34 per equity share, aggregating to ₹10.00 Crore |
| Percentage of Shareholding Acquired | 0.56% of the paid-up share capital of NCDEX on a fully diluted basis |
About NCDEX
National Commodity & Derivatives Exchange Limited (NCDEX) was incorporated on April 23, 2003. It operates as a professionally managed online commodity exchange, offering diverse product offerings and setting benchmarks for agricultural and non-agricultural commodities derivatives. NCDEX was recognized under the Forward Contracts (Regulation) Act, 1952 and became a deemed recognized stock exchange under the Securities Contracts (Regulation) Act, 1956.
NCDEX Financial Performance (Rupees in Crores)
| Financial Year | Turnover |
|---|---|
| FY 2022-23 | 30.01 |
| FY 2023-24 | 32.24 |
| FY 2024-25 | 24.48 |
NCDEX has its presence in India.
This investment will represent approximately 0.56% of the post-issue paid-up share capital of NCDEX and is subject to the satisfactory completion of conditions precedent as stipulated in the SSA.
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