{"id":52910,"date":"2025-10-30T11:18:51","date_gmt":"2025-10-30T11:18:51","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=52910"},"modified":"2025-10-30T11:18:51","modified_gmt":"2025-10-30T11:18:51","slug":"sng-partners-advises-ncdex-on-%e2%82%b9770-crore-fundraise-via-preferential-allotment","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/sng-partners-advises-ncdex-on-%e2%82%b9770-crore-fundraise-via-preferential-allotment\/","title":{"rendered":"SNG &amp; Partners advises NCDEX on \u20b9770 crore fundraise via preferential allotment"},"content":{"rendered":"<p><strong>SNG &amp; Partners advised the National Commodity &amp; Derivatives Exchange (NCDEX) on its recent \u20b9770 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.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>This transaction marks a significant milestone in NCDEX\u2019s strategic evolution from an agri-commodity exchange to a multi-asset exchange. The fundraise follows SEBI\u2019s in-principle approval for NCDEX to enter the equity and equity derivatives segments. The proceeds will be used to strengthen the exchange\u2019s technology infrastructure, enhance its risk management framework, ensure regulatory compliance, and support market-development initiatives ahead of its planned equity market launch in 2026.<\/p>\n<p>SNG &amp; Partners provided end-to-end legal counsel on the transaction, covering the drafting and negotiation of the share subscription agreement, advisory on foreign exchange reporting requirements, and coordination with multiple investors and regulators to achieve timely closure.<\/p>\n<p>The transaction team drew on strategic guidance from <strong>Amit Aggarwal<\/strong> (Managing Partner \u2013 Corporate &amp; Non-Contentious Practice) and <strong>Aditya Vikram Dua<\/strong> (Partner &amp; Head \u2013 Financial Services). Execution was handled by <strong>Chandra Shekhar Mishra<\/strong> (Associate Partner), with support from <strong>Mohit Goyal<\/strong> and <strong>Yash Dogra<\/strong> (Associates).<\/p>\n<p>NCDEX\u2019s fundraise represents a forward-looking step toward building a unified platform that enables trading across commodities and equities, positioning it to play a key role in India\u2019s developing capital markets environment.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-52910","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/52910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=52910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}