The exchange business unit of Reliance Capital (RCap) has acquired a 26% stake in the Indian Commodity Exchange (ICEX), Financial Express reports. The Reliance ADAG firm has bought the stake from Indiabulls Financial Services. The financial details of the transaction were not disclosed by both the parties. Before the deal, the Indian infrastructure and financial services firm had 40% stake in the commodity futures exchange, which is now reduced to 14%.
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