Mumbai: National Multi-Commodity Exchange (NMCE) said that it has adopted a corporate identity after receiving approval from the regulator FMC and the Ministry of Consumer Affairs for Reliance Money’s proposed acquisition of stake in the exchange.

NMCE unveiled its new identity with a change in its logo, the exchange statement said.

“In addition to launching a new identity, we have also moved our corporate office to Mumbai, and are looking at recruitment at various levels to further strengthen our management,” NMCE Managing Director Kailash Gupta said.

“With a renewed focus on growth, NMCE is aggressively looking at not only revamping the entire working of the exchange but also changing the way the exchange is looked at,” NMCE Director Sudip Bandopadhyay said.

The launch of the new corporate identity comes at a time when the exchange is preparing to announce a series of initiatives, such as starting an agri-spot exchange and launching of currency futures amongst others.

NMCE, the country’s third largest commodity bourse, has presence in 14 states across India. It has 300 members and more than 30,000 clients.