Star Agri Picks Up Stake in NCDEX

The Economic Times - - Economy -

Star Agri­ware­hous­ing and Col­lat­eral Man­age­ment (Star Agri) has picked up a 1.38% stake in com­mod­ity ex­change NCDEX from Renuka Sug­ars for .` 12.26 crore, re­ports Our Bureau. Star Agri is the largest ware­house ser­vice provider to NCDEX. Out of its to­tal port­fo­lio of 750, close to 300 ware­houses are ac­cred­ited with the com­mod­ity ex­change. Renuka re­cently pared its 12.5% stake in NCDEX by sell­ing 7.5% to dif­fer­ent in­vestors in­clud­ing NSE and IFFCO. Started in 2006 by four for­mer ru­ral lend­ing ex­ecs, Star Agri is among the largest post har­vest agri-so­lu­tions provider of­fer­ing mod­ern and mech­a­nised ru­ral sup­ply­chain in­fra­struc­ture.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.