NCDEX to acquire 20% stake in Sri Lanka's CSEDEX for Rs.24-Cr

Mumbai-headquartered National Commodity & Derivatives Exchange Ltd ( NCDEX ) is to acquire, subject to regulatory approvals, a 20% stake in CSEDEX, a new commodities and financial derivatives exchange being established in Sri Lanka. The investment is valued at 70 million Lankan rupees (around INR 24 crore).NCDEX will support the development of CSEDEX by providing technical assistance, product development expertise, and other services through a build-operate-transfer model.