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This article was originally published in The Public Ledger

SHREE Renuka Sugars has bought a further 7% stake in the National Commodity & Derivatives Exchange from Crisil, according to the Forward Markets Commission. Shree Renuka exercised the right of first refusal to purchase the stake, which takes its total holding to 12% having bought a 5% stake for Rs365m ($7.9m) from InterContinental Exchange Holdings and Goldman Sachs Investments (Mauritius) last year. Reports also suggest that Rabobank has picked up a 5% in Universal Commodity Exchange, a new national level bourse that is expected to go live in India within the next eight months.


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