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Shareholders of NCDEX and its products
Posted by
28-Oct-13 03:46PM
NCDEX is promoted by a consortium of four institutions. These are National Stock Exchange (NSE), ICICI Bank, Life Insurance Corporation of India (LIC) and National Board for Agriculture and Rural Development (NABARD). Later on their shares were diluted and more institutions became shareholders of NCDEX. These are Canara Bank, CRISIL Limited, Indian Farmers Fertilizers Cooperative Limited (IFFCO), Punjab National Bank (PNB), Goldman Sachs, Intercontinental Exchange (ICE) and Shree Renuka Sugars Ltd.
All the ten shareholders (now ICICI is not a shareholder of NCDEX) bring along with them expertise in closely related fields such as agriculture, rural banking, co-operative expertise, risk management, intensive use of technology, derivative trading besides institutions building expertise.
NCDEX currently offers an array of more than 50 different commodities for futures trading. The commodity segments covered include both agri and non-agri commodities(Bullion, energy and metals). Before identifying a commodity for trading, the Exchange conducts a thorough research into the characteristics of the product, its market and potential for futures trading
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