Kotak Mahindra Bank Limited had informed the Exchange regarding approval from the Forward Markets Commission (FMC) for an investment by the Kotak Mahindra Group into the Ahmedabad Commodity Exchange (ACE) as an anchor investor. The Bank has now informed the Exchange vide its letter dated August 04, 2009, that: "Kotak Mahindra Group, namely Kotak Mahindra Bank Limited and its affiliates, has invested in ACE today, having obtained all necessary regulatory and other approvals".
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