SNG & Partners Advised NCDEX On ₹770 Crore Fundraise Via Preferential Allotment

SNG & Partners advised NCDEX on ₹770 crore fundraise via preferential allotment

The leading full-service law firm in India, SNG & Partners, advised the National Commodity & Derivatives Exchange (NCDEX) on its ₹770 crore capital raise through a preferential allotment of over 3.91 crore equity shares to a diverse group of 61 investors, including leading institutional investors such as Tower Research Capital, Citadel Securities, Kotak Mahindra Life Insurance, and prominent individuals including Radhakishan Damani.

The transaction marks a significant milestone in NCDEX’s strategic evolution from an agri-commodity exchange to a multi-asset exchange. The fundraise follows SEBI’s in-principle approval for NCDEX to enter the equity and equity derivatives segments. The proceeds will be used to strengthen technology infrastructure, enhance risk management, ensure regulatory compliance, and support market-development initiatives ahead of its planned equity market launch in 2026.

SNG & Partners provided end-to-end legal counsel on the transaction, including drafting and negotiation of the share subscription agreement, advisory on foreign exchange reporting requirements, and coordination with multiple investors and regulators for timely closure.

The SNG & Partners transaction team drew on strategic guidance from Amit Aggarwal (Managing Partner – Corporate & Non-Contentious Practice) and Aditya Vikram Dua (Partner & Head – Financial Services). Execution was handled by Chandra Shekhar Mishra (Associate Partner), with support from Mohit Goyal and Yash Dogra (Associates).

NCDEX’s fundraise represents a forward-looking step toward building a unified platform enabling trading across commodities and equities, positioning it to play a key role in India’s developing capital markets environment.

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