NCDEX Raises ₹500 Crore in Funding, Citadel and Tower Research Participate

As per news reports, the National Commodity and Derivatives Exchange (NCDEX) has raised more than ₹500 crore in funding. Global market maker Citadel Securities, high-frequency trading firm Tower Research, and US-based Acacia Partners are among the key participants in this round.

Wider Investor Participation

As per news reports, Institutional investors, including Groww, Kotak Life Insurance, and JM Financial, have also participated. Alongside them, brokers, private equity firms, and several high-net-worth individuals are contributing to the capital infusion. The exchange is targeting a total of ₹750 crore through this exercise.

Use of Proceeds

Funds raised will be used to support NCDEX’s planned entry into the equities market. As per news reports, Citadel Securities has committed ₹17 crore, while Tower Research has pledged ₹34 crore. These investments will result in minority stakes. The proceeds are earmarked for setting up and scaling the equities business.

Read more: What is NCDEX? – Meaning & Definition!

Regulatory Approval and Timeline

In an interview with Business Standard, Arun Raste, MD and CEO of NCDEX, stated that the exchange anticipates receiving final approval from SEBI by the close of the current fiscal year. The plan is to launch the new exchange by August of next year, starting with the cash segment and later introducing derivatives based on data analysis.

Shareholding Impact

The new round will dilute the holdings of existing institutional investors such as the Life Insurance Corporation of India (LIC), the National Bank for Agriculture and Rural Development (NABARD), and Punjab National Bank. These changes were discussed in a recent board meeting, and the proposals will be placed before shareholders on September 1, 2025.

Conclusion

The latest funding round of over ₹500 crore brings NCDEX closer to its target of ₹750 crore. With regulatory approvals in progress and contributions from both global and domestic investors, the exchange is moving forward with its plans to launch equities trading in 2026.

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