NCDEX Raises ₹770 Crore; Plans Entry Into Equity Market by 2026

The National Commodity and Derivatives Exchange (NCDEX) has raised ₹770 crore from top investors and institutions as it prepares to enter the equity market by 2026, after getting preliminary approval from SEBI

The funding round saw participation from well-known investors like Radhakishan Damani, Ramesh Damani, Madhusudhan Kela, and Sunil Singhania, along with major brokerages. Groww invested ₹50 crore for a 2.82% stake, while Zerodha bought a 0.96% stake for ₹17 crore. Global firms like Citadel Securities (₹17 crore) and Tower Research (₹34 crore) also took part, together with Kotak Mahindra Life Insurance, JM Financial, and Acacia Partners.

Shares were issued at ₹197.34 each, but in the unlisted market they are now trading at about ₹415, up 25% in the last month. The money raised will mainly be used for technology and infrastructure development as NCDEX plans to first launch in the cash equity market, and later move into derivatives, aiming to compete with BSE, NSE, and MSE.

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