IndiaSphere

At a time when global funds are looking at a piece of India’s emerging commodity exchange market picking small stakes in the handful of commodity bourses, Reliance Money, the retail brokerage and distribution arm of Reliance Capital, is going overseas. It is close to signing a deal to acquire 10-15% stake in Hong Kong Mercantile Exchange (HKMEx) for around $15 million(~Rs 60 crore). The deal is going to be signed next week, according to this report.
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