Stocks

NSE arm buys Cogencis

Our Bureau Mumbai | Updated on January 21, 2021

NSE Data & Analytics Ltd. a subsidiary of the National Stock Exchange of India has acquired Cogencis Information Services Ltd. NSE Data has acquired 100 per cent equity in Cogencis from Samara Capital I Partners Fund Ltd. and minority shareholders including the company’s founder.

BusinessLine was the first to report this deal in November.

Though the financial details of the deal was not disclosed, sources said NSE will be picking up stake in the news wire and financial data services for ₹140 crore. Cogencis, earlier known as Newswire18, was sold to private equity firm Samara Capital in 2013 by Network18, then controlled by Raghav Bahal. Then, the 77 per cent stake deal was valued around ₹90 crore. The NSE received the SEBI’s approval for the Cogencis deal on October 15

Published on January 21, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like