MMTC has divested its 10% equity stake in its Joint Venture Company (JVC) - Indian Commodity Exchange (ICEX) amounting to Rs 10 crore face value at a sum of Rs 20 crore to the two bidders who participated in the Global Tender Process floated by the company earlier. With this the company has a stake of 16% in ICEX as on date.
The company has taken this step pursuant to approval of the board/government. The necessary transfer of shares to the bidders took place on January 19, 2016.
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.
| Company Name | CMP |
|---|---|
| Redington | 234.90 |
| Adani Enterprises | 2218.35 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 455.25 |
| PDS | 301.45 |
| View more.. | |
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