New Delhi, Apr 30 (PTI) DCB Bank said it has acquired stake in two companies in GIFT City IFSC for a total investment of Rs 10 crore.

The bank has invested Rs 5 crore, representing about 2.89 per cent stake, for acquiring equity in India International Exchange Ltd (India INX).

Another Rs 5 crore has been invested for 4.93 per cent stake in India International Clearing Corporation Ltd (India ICC), the bank said in a release.

India INX and India ICC are promoted by BSE. These are the leading exchange and clearing corporation in GIFT City IFSC at Gandhinagar, Gujarat.

India INX is India's first exchange in the International Finance Services Centre (IFSC). India ICC provides clearing and settlement and risk management services to India INX.

Both companies are regulated by the IFSC Authority.

The GIFT City International Financial Services Centre (IFSC) is India's gateway for inbound and outbound requirements related to international financial services.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)