Algoquant Fintech Ltd — Others, 20-08-2025: Others

Algoquant Fintech's board has greenlighted a significant investment, approving the acquisition of 2,53,370 equity shares in National Commodity & Derivatives Exchange Limited (NCDEX) for up to Rs 5.00 Cr. This strategic move, representing a 0.28% stake in NCDEX's post-issue capital, aims to strengthen Algoquant's footprint in the financial services and securities market. NCDEX operates as a national commodity exchange, with a net worth of Rs 615.94 Cr and FY25 turnover of Rs 122.06 Cr. This acquisition is purely for investment purposes.