Exchange to use proceeds for tech upgrades, risk management, and market expansion ahead of 2026 equity market launch.
NCDEX.
Mumbai, October 29, 2025: The National Commodity & Derivatives Exchange (NCDEX) has successfully raised $87.0 million (₹770 Crore) through a preferential allotment of over 39.1 million (3.91 crore) equity shares to a diverse pool of 61 investors, marking a major milestone in the exchange’s growth strategy.
Leading institutional investors such as Tower Research Capital, Citadel Securities, and Kotak Mahindra Life Insurance participated in the round, along with prominent individual investors including Radhakishan Damani.
The transaction saw SNG & Partners act as the legal advisor to NCDEX, providing end-to-end legal counsel. The firm handled the drafting and negotiation of the share subscription agreement, advised on foreign exchange reporting requirements, and coordinated with multiple investors and regulators to facilitate a timely and compliant closure.
The deal was led by Chandra Shekhar Mishra (Associate Partner) with support from Mohit Goyal and Yash Dogra (Associates). Strategic oversight came from Amit Aggarwal, Managing Partner – Corporate & Non-Contentious Practice, and Aditya Vikram Dua, Partner & Head – Financial Services.
According to NCDEX, the ₹770 crore infusion will be used to strengthen its technology infrastructure, enhance its risk management framework, ensure robust regulatory compliance, and support market-development initiatives as it moves toward becoming a multi-asset exchange.
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“This fundraise represents a strategic step forward in NCDEX’s evolution from an agri-commodity exchange to a diversified market platform,” a spokesperson for the exchange said, adding that the investment will also help the exchange prepare for its planned equity market launch in 2026.
The successful closure of the transaction underscores growing investor confidence in NCDEX’s expansion plans and the increasing interest in India’s commodity and derivatives markets as they move toward greater digital integration and product diversification.
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