Last Updated :
14 October 2008 at 14:25 IST
JP Morgan takes equity stake in DME
Commodity OnlineDubai: The Dubai Mercantile Exchange Limited (DME) today announced that J.P. Morgan has taken an equity stake in the Exchange joining a number of other leading global financial institutions and energy trading firms, including Goldman Sachs, Morgan Stanley, Vitol, Concord Energy, Casa Energy Trading, and a Shell Group company, who were announced as strategic investors in the DME in early August.
A statement to this effect said that DME’s Board of Directors approved the issuance of an equity stake of up to 20% to strategic investors, with core shareholders New York Mercantile Exchange, Inc., Tatweer, a member of Dubai Holding, and the Oman Investment Fund collectively holding a 75% equity stake in the Exchange.
However, the terms of the sale of this equity was not revealed saying it ‘remains private and confidential.’
MCX ZINCMINI 30 March 2012
contract was trading at
Rs 101.95 , up Rs. 0.15 . What's your view on it?
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