The News Scroll 24 July 2017  Last Updated at 4:52 pm

MCX launches trading in black pepper futures

The company proposes to utilise the net proceeds of the issue for expenditure on research and development and funding incremental working capital requirements The issue and the net issue will constitute 2648 per cent and 2514 cent, respectively of the post issue paid-up equity share capital of the company

MCX launches trading in black pepper futures
outlookindia.com
1970-01-01T05:30:00+0530

Mumbai: In a bid to expand its agri product suite and further contribute to the growth of agriculture market in India, MULTI COMMODITY EXCHANGE OF INDIA (MCX) today launched trading in Malabar garbled black pepper futures contract.

Currently, September, October and November black pepper contracts will be available for trading on the Exchange, with 1 MT as the trading unit and Kochi in Kerala as the basis centre. The transaction charges on Black Pepper futures contract is Rs.5 per crore of turnover.

We already have a presence in the spices market through our Cardamom futures contract and now the Black Pepper contract will enable us extend the presence in India's spices market, MCX MD and CEO Mrugank Paranjape said in a statement. ============================================================== Majestic Research Services buys 100 pc stake in Market Probe

BSE-SME listed Majestic Research Services and Solutions Ltd has acquired 100 per cent stake in Singapore-based market research company Market Probe Asia Pacific Pte Ltd from its US parent - Market Probe Inc. In an all cash deal.

Explaining the rationale behind the acquisition, Raj Sharma, Chairman, MRSS India said, "We had three criteria set for strategic acquisition that are captive client base, specialised capability and geographical reach. The Market Probe Asia acquisition acts as a gateway to ASIA specifically growth markets such as Indonesia, thailand and Vietnam."

Global Space fixes price band of Rs 66 per eq share for IPO

Global Space Technologies Ltd, a SAAS based software product company said it has fixed the price band of Rs.66 per equity share for its SME initial public offering to raise Rs 20 crore.

The IPO comprises of an issue of up to 30, 34,000 equity shares. 1,54,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue.

The company proposes to utilise the net proceeds of the issue for expenditure on research and development and funding incremental working capital requirements. The issue and the net issue will constitute 26.48 per cent and 25.14 cent, respectively of the post issue paid-up equity share capital of the company.

The equity shares of the company will be listed on SME platform of BSE.

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds.
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