(Reuters) - Intercontinental Exchange Holdings Inc (ICE.N: Quote, Profile, Research) may be required to sell a portion of its stake in India's National Commodity Derivatives Exchange (NCDEX), and many financial institutions have approached about it, its chief executive said on Wednesday.
The Atlanta-based exchange said it was in talks with the Indian Government about the possibility of holding on to its current 8 percent stake in NCDEX or lowering it to the mandatory 5 percent regulatory cap.
ICE CEO Jeff Sprecher said it was being approached by a host of institutions, including global exchanges, financial services companies and banks for the "extra piece" it holds.
(Reporting by Dinesh Nair; Editing by Jeffrey Benkoe)
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