Tags
business, commodities, company, finance, FTIL, Jignesh Shah, Kotak, NSEL scam, Stock Market, stocks
(Reproduced from original article in Outlook Business)
It’s a perfect David vs Goliath plot. The only difference is that here, David did not even have to fight the giant — Goliath simply surrendered in the battle for supremacy in the estimated Rs 100 lakh crore Indian commodity market. David, or Kotak Mahindra Bank, is now the single-largest shareholder in India’s largest commodity bourse, holding 80% share of the commodity market, while Goliath, MCX, has been summarily vanquished. Continue reading
