Financial Daily from THE HINDU group of publications
Wednesday, Jan 19, 2005
Financial Daily from THE HINDU group of publications Wednesday, Jan 19, 2005 |
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Agri-Biz & Commodities
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Commodity Exchanges IL&FS ventures into commodities trading Our Bureau
Mumbai , Jan. 18 IL&FS Investsmart Ltd. (IIL) is venturing into commodities trading. The new initiative will operate under the name of IL&FS Investsmart Commodity Brokers Ltd., (IICBL), a news release said. The newly formed subsidiary will offer fully integrated and global service in all major commodities. IICBL plans to leverage on its pedigree and will have producers, trading houses and corporates as its clientele. Currently, the company is a member of two national level commodity exchanges, namely, National Commodity and Derivatives Exchange Ltd. (NCDEX) and Multi-Commodity Exchange of India Ltd. (MCX).
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