MMTC has received an approval for sale of 10% of Indian Commodity Exchange (ICEX). The board of directors at their meeting held on September 11, 2015 has approved for the same.
The company will sell 5% each to the two bidders who participated in the global tender against the present holding of 26% in ICEX by MMTC at Rs 10 per share subject to the approval by the Government and Forward Markets Commission.
MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.
