Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 29, 2015 10:55 PM ET

Diversified Financial Services

Company Overview of National Spot Exchange Ltd.

Company Overview

National Spot Exchange Ltd. provides an institutionalized electronic spot trading platform for agricultural and non–agricultural commodities in India. The company engages in the trading of agricultural products, including cereals, fibers, spices, pulses, plantations, oilseeds, and other products; bullion products, such as gold, platinum, and silver; copper and steel metals; coal; and investment products, including e-gold, e-silver, e-copper, e-zinc, e-lead, e-nickel, and e-platinum. It offers services, such as customized procurement services, commodities trading, warehousing, marketing, credit and finance, membership, and investments in spot and auction markets. The company also provides del...

FT Tower

CTS No. 256 & 257, 4th Floor

Suren Road, Chakala

Andheri (East)

Mumbai,  400093

India

Founded in 2005

Phone:

91 22 6761 9900

Fax:

91 22 6761 9931

Key Executives for National Spot Exchange Ltd.

Chief Executive Officer, Managing Director and Director
Age: 54
Vice President of Finance & Accounts
Senior Vice President
Vice President of Business Development
Vice President of Business Development
Compensation as of Fiscal Year 2015.

National Spot Exchange Ltd. Key Developments

Majority FTIL Shareholders Object To NSEL's Merger

shareholders, creditors and employees of Financial Technologies (India) Limited (BSE:526881) are objected to the proposed merger with National Spot Exchange Ltd. In the voting on the government proposal, after being urged by the management to vote against, 99.55% of the shareholders, representing 79.5% of the equity capital in Financial Technologies (India) Limited, did so. Also, all the creditors, the entire board of directors and all the 1,000-plus employees said they objected.

Financial Technologies Appeals Shareholders To Oppose NSEL Merger

Financial Technologies (India) Limited (BSE:526881) appealed to its shareholders to oppose the government’s plan to merge National Spot Exchange Ltd. Venkat Chary, Chairman of Financial Technologies said in a letter sent to Bombay Stock Exchange, "all shareholders are entitled to object to the forced amalgamation of National Spot Exchange with your company by exercising your right of opposition under Section 396 of the Companies Act, 1956."

High Court Orders Status Quo To Merger Of Financial Technologies with National Spot Exchange

Bombay High Court ordered 'a status quo' till December 22, 2014, for the proposed merger of National Spot Exchange Ltd. and Financial Technologies (India) Limited (BSE:526881). High Court asked National Spot Exchange, Union Ministry of Corporate Affairs and Investors Forum to file replies to the petition by December 22, 2014.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact National Spot Exchange Ltd., please visit www.nationalspotexchange.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.