Netherlands-based Rabobank has reportedly taken a 5% stake in Universal Commodity Exchange (UCX), an India-based multi-commodity exchange.
Bombay-listed IT People India also sold a stake in UCX to Indian Farmers Fertiliser Cooperative, the largest producer and marketer of fertilizers in the country, and Hafed and Rashtriya Chemicals, according to news provider VC Circle.
Separately, India’s National Bank of Agriculture and Rural Development has earmarked R100 crore ($22.3m) to be lent to venture capital funds, which have a mandate to invest in the agricultural sector.