NSE arm takes over Cogencis

NSE Data & Analytics Ltd, a 100 per cent subsidiary of the National Stock Exchange of India, has acquired Cogencis Information Services Ltd, which provides real-time market data terminals to institutional customers.

"NSE Data has acquired 100 per cent equity in Cogencis from Samara Capital and minority shareholders, including the company’s founder, co-founder, and an employee welfare trust," the NSE said.

The Cogencis WorkStation provides data on all asset classes, including foreign exchange, fixed income, equities, commodities, as well as macro-economic data, either generated on its own or aggregated through various sources.

As a part of the transaction, the news department of Cogencis has been sold to Informist Media Private Ltd. Cogencis has entered into a five-year exclusive commercial arrangement with Informist Media to source news.