On Wednesday Bajaj Holdings and Investment (Bajaj Holdings) selected a 12.82 per cent stake in the Ahmadabad-based National Multi Commodity Exchange of India (NMCE) on behalf of Rs 25 crore.

Next to with Equirus Capital as the exclusive financial advisor to NMCE, The investment will moderately meet the rigid capital necessity, and also help towards the increase of its information technology (IT) communications, business development and human resources.

Moreover elevating its share capital from Rs 16.67 crore to Rs 19.12 crore, the deal will help NMCE meet its regulatory capital requirement and reinforce its balance sheet for investment in IT infrastructure.

Anil Mishra, managing director and CEO, NMCE said that in view of the fact that a lot will go towards the premium account, which was Rs 16.67 crore before the investment and at present our share capital will now be Rs 19.12 crore. And, our net worth will be at Rs 62 crore. Conversely, Forward Markets Commissions rules involve us to have a capital support of Rs 50 crore. They are Rs 30.88 crore less in their share capital, and Rs 38 crore in net worth. They hope to cover these up by March 31, 2011.