Ace Successfully Completes Delivery of November Contracts

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 25, 2011 -- Ace Derivatives and Commodity Exchange Limited, a Kotak Group anchored commodity exchange in India has successfully handled a total delivery of 9270 MT for November contracts on November 22, 2011. The delivery is valued at Rs. 36.98 Crores.

COMMODITY TOTAL DELIVERY (MT) DELIVERY VALUE
(In Crores)
Castor 290 1.24
Chana 1030 3.67
Mustard 6270 19.53
Guar 1140 4.98
Guar Gum 540 7.56

The Chana, Mustard, Guar and Guar Gum Contracts had expired on 18th November while Castor Contract had expired on 15th November.

About Ace
Ace Derivatives and Commodity Exchange Limited (www.aceindia.com) is a screen based online derivatives exchange for commodities anchored by the Kotak Group as a majority stake holder. Ace Commodity Exchange, earlier known as Ahmedabad Commodity Exchange Limited, has been in existence for more than 5 decades in Commodity Derivatives Business, bringing in the best and transparent Business Practices in the commodity space.

Kotak group-the anchor investor in the Exchange has pioneered many business practices existing in the financial services industry over the last 25 years. With Ace, they bring to the market a new, state-of-the-art trading platform which combines the operational efficiency of global exchanges with deep domain expertise in each commodity vertical, be it Agriculture, Bullion, Base Metals or Energy.