GCM Commodity & Derivatives Share Price

GCM Commodity Derivatives Limited was incorporated on April 26, 2005 as a Private Limited Company under the name GCM Commodity Derivatives Private Limited. Subsequently, the Company was converted into a Public Limited Company and the name was changed to GCM Commodity Derivatives Limited on June 14, 2013. The Company was promoted by GCM Securities Limited, Mr. Inder Chand Baid, Mr. Manish Baid and Mr. Samir Baid. The Company allotted 26,25,500 equity shares to GCM Securities Limited on March 28, 2013 representing 67.03% of its pre issue capital and accordingly was made the subsidiary of GCM Securities Limited.Presently, Company is currently engaged in the business of investing in NSEL Investment Products for arbitrage opportunities and commodity broking. It provides commodity broking facilities through its membership of NSEL. It is also engaged in money lending business. The Company became the TradingcumClearing member of National Spot Exchange Limited and started the commodity broking business in May 2013. To further expand the business, the company planned to take the Membership of Multi Commodity Exchange of India Limited(MCX).The Company issued and allotted 35,10,000 equity shares of Rs 10 each and raised funds of fresh issue aggregating to Rs 7.02 crores on August 5, 2013.