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Krishak Bharati Cooperative (Kribhco) acquires 5% stake in Indian Commodity Exchange

Sep 18, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Indiabulls Financial Services Ltd (IBLFF)

Krishak Bharati Cooperative Limited, a manufacturer of urea, ammonia, and bio-fertilizers, has acquired a 5% stake in Indian Commodity Exchange, Ltd. from Indiabulls Financial Services, Ltd. (IFS) and MMTC, Ltd. All the entities are based in India.

IFS is a financial services company, while MMTC is an importer and exporter of minerals, fertilizers, agro products, and non-ferrous metals. 

Deal Type    Acquisition
Sub-Category Minority Acquisition
Deal Status  Completed: 2009-09-18

Deal Participants 

Target (Company)   Indian Commodity Exchange, Ltd.
Acquirer (Company) Krishak Bharati Cooperative Limited
Vendor 1 (Company) MMTC, Ltd.
Vendor 2 (Company) Indiabulls Financial Services, Ltd.

% Acquisition 5%

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Indiabulls Financial Services Ltd (IBLFF)


Related terms: acquisition, financial services, india, manufacturer, metals, products

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