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National Commodity & Derivatives Exchange Limited of Mumbai runs a marketplace for agricultural commodity derivatives.
Founded in 2003 and based in Mumbai, India, NCDEX trades commodity derivatives, mainly futures on agricultural commodities such as oilseeds, grains and spices, so that farmers and traders can hedge price risk. In January 2014, Oman India Joint Investment Fund acquired a 5.4% stake for INR 495.6 million. The company is recorded at the Series A stage.
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