Oman Investment Fund (OIF), a sovereign wealth fund (SWF), and a hedge fund is acquiring a stake in National Commodity & Derivative Exchange (NCDEX), Economic Times reports. The deal will value the bourse at $155.31 million.
OIF, owned by the Oman government, will buy 5% in the commodity exchange, while the hedge fund will buy a 1.1% stake from India’s National Stock Exchange. The total 6.1% stake is valued at $9.5 million.
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