Apr. 15 – The largest exchange in the world, the Chicago Mercantile Exchange (CME), has held talks to possibly enter the Indian market through the purchase of equity stakes in the Indian exchanges.
According to the Business Standard, CME has already talked with several Indian exchanges to purchase stakes. The group is also talking to members of the Multi Commodities Exchange, the National Commodity and Derivatives Exchange and the United Stock Exchange of India.
The CME manages the C-Bot and Nymex exchanges while also offering products like equities, FX, interest rates, commodities and other alternative investments.
CME could be interested in purchasing majority stakes in exchanges although the latest rules do not allow allow foreigners to buy-in at more than a 5 percent stake. Foreign companies will be forced to decrease their stakes to 5 percent by June.
About Us
India Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Delhi, Mumbai, and Bengaluru in India. Dezan Shira & Associates is part of the Ascentium Group, a global business services platform with over 2,900 professionals across 58 cities in 27 markets, strengthening the firm's on-the-ground ability to support clients across Asia and globally.
For a complimentary subscription to India Briefing's content products, please click here. For support with establishing a business in India or for assistance in analyzing and entering markets, please contact the firm at india@dezshira.com or visit our website at www.dezshira.com.
Get the setup decisions right the first time.
Our India corporate team offers a fully integrated establishment solution.
