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Financial Technologies India group has inked a deal to acquire 60% stake in Botswana-based Bourse Africa, which has been licensed by government of Botswana, to set-up spot / derivative multi-asset exchange for trading in commodities, currencies, bonds and diamonds.
The balance equity in Bourse Africa will be held by other African financial institutions, banks, global multi-lateral developmental ventures, exchanges and other strategic investors.
The exchange will offer participants an efficient, cost-effective and secure trading platform, supported by a world-class regulatory framework of the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) to ensure market integrity, systemic stability and investor protection.
Indian Stock Market
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