The National Commodity & Derivatives Exchange (NCDEX) has raised ₹770 crore through a preferential allotment of over 3.91 crore equity shares to a diverse group of 61 investors, including leading institutional investors such as Tower Research Capital, Citadel Securities, Kotak Mahindra Life Insurance, and prominent individuals including Radhakishan Damani.
SNG & Partners advised NCDEX on this transaction. The Firm provided end-to-end legal counsel on the transaction, covering the drafting and negotiation of the share subscription agreement, advisory on foreign exchange reporting requirements, and coordination with multiple investors and regulators to achieve timely closure.
The transaction was handled by Chandra Shekhar Mishra (Associate Partner), with support from Mohit Goyal and Yash Dogra (Associates).
The transaction team drew on strategic guidance from Amit Aggarwal (Managing Partner – Corporate & Non-Contentious Practice) and Aditya Vikram Dua (Partner & Head – Financial Services).
This transaction marks a significant milestone in NCDEX’s strategic evolution from an agri-commodity exchange to a multi-asset exchange. The proceeds will be used to strengthen the exchange’s technology infrastructure, enhance its risk management framework, ensure regulatory compliance, and support market-development initiatives ahead of its planned equity market launch in 2026.
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