Indian commodities trading is getting exciting. National Commodity & Derivatives Exchange Ltd is believed to have attracted interest from Goldman Sachs Group Inc., the world’s biggest securities firm, which plans to buy a stake. According to the Economic Times, Goldman has put in a bid for 10 per cent stake held by ICICI Bank in NCDEX.

In February, Fidelity had paid $49 million for 9 percent stake in Multi Commodity Exchange of India Ltd, another commodity exchange in India.

Read the Bloomberg story for more.

Posted on 06/29/06, 5:24 PM
in: Main Page, Mergers & Acquisitions
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