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Monday, December 24, 2007
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Commodity News
Dec 21 2007 4:40PM
Gupta, others to quit NCDEX

Mumbai - National Commodity and Derivatives Exchange [NCDEX] strategist Narendra Gupta and other senior officials of the exchange have reportedly offered to resign from their respective offices.

Sources said, Narendra Gupta and the other officials are going to join the commodity exchange, which is being formed jointly by the Indiabulls Financial Services Ltd and MMTC. Indiabulls will have 74 per cents stake in the new exchange while MMTC will be the owner of remaining shares. The exchange will have its headquarters at New Delhi.

NCDEX officials refused to comment when enquired about this development.
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Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
Registration Number Capital Market :- INB 011234839 | NSE SEBI Registration Number Derivatives :- INF 231234833 Commodities : Trading through Reliance Commodities Limited | MCX member code: 29030 | NCDEX member code: NCDEX-CO-05-00647|
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