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Kotak Mahindra Bank to be anchor investor in Ahmedabad Commodity Exchange

15 May 2009 Evaluate

Kotak Mahindra Bank and its affiliates will be anchor investor in Ahmedabad Commodity Exchange (ACE). Forward Markets Commission (FMC) has given in-principle approval letter to ACE to upgrade and transform itself into nationwide Multi Commodity Exchange. However, this approval is subject to ACE complying with conditions stipulated therein.  Meanwhile Kotak Mahindra Bank will be taking appropriate steps in furtherance of the said in-principle approval, subject to all necessary regulatory and other approvals.

 

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Peers
Company Name CMP
HDFC Bank 702.95
ICICI Bank 1347.35
Axis Bank 1246.00
Kotak Mahindra Bank 439.70
Indusind Bank 873.35
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