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IT People India Gets In-Principle Approval To Set Up Nationwide Multi Commodity Exchange

August 17, 2010, Tuesday, 15:33 GMT | 10:33 EST | 20:03 IST | 22:33 SGT

(RTTNews) - IT People India Ltd., which is the promoter of Universal Commodity Exchange Ltd. (UCX), said it had received the in-principle approval for UCX from the Ministry of Consumer Affairs, to set up a nationwide multi commodity exchange.

At the BSE, IT People India shares are currently trading at Rs.35.05, up by 4.94% from the previous close.