Algoquant Fintech Acquires 0.28% Stake in NCDEX; Stock Rises Over 8%

Mumbai, October 6, 2025: Algoquant Fintech Ltd (BSE: 505725) shares surged more than 8% during Monday’s trade before closing at ₹70.00. This surge followed the announcement that the company had finalized its investment in National Commodity & Derivatives Exchange Ltd (NCDEX).

Headquartered in Gandhinagar, Gujarat, at GIFT City, Algoquant Fintech Ltd is involved in the activity of offering financial services, mostly including algorithmic trading, risk management, and data-based financial technology. Algoquant Fintech Ltd is quoted on the BSE SmallCap Index in the “Other Financial Services” segment and continues to focus on leveraging technology to further grow its financial market presence.

Investment Details

Algoquant Fintech acquired 2,53,370 equity shares of 0.28% of the post-issue capital of NCDEX for an aggregate consideration of ₹5.00 crore. The deal was done around 4:01 p.m. on 3rd October 2025 after fulfilling conditions stipulated in the share subscription and shareholders’ agreement of both companies. This minority strategic holding is the company’s entry into India’s commodities exchange industry.

Stock Performance

The stocks closed at ₹70.00, up 4.87%. Intraday high and low of the stock were ₹66.12 and ₹75.00, respectively, while 52-week high and low were ₹44.04 and ₹91.70, respectively. Turnover stood at ₹58.35 lakh, and the market cap of the company stands at ₹2,030.92 crore.

Market Reaction

The sharp increase reflects investor confidence in Algoquant’s strategic venture into the commodities exchange sector. The minority stake is viewed by analysts as a strategic diversification in India’s evolving environment for fintech and commodities infrastructure, enhancing the company’s long-term standing.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8b26fbf-a998-460a-a36a-e21d1d27768f.pdf

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