J. Sagar Associates (JSA) advised and assisted the Indian Commodity Exchange Limited (“ICEX”) in the proposed merger with National Multi Commodity Exchange of India Limited (“NMCE”), pursuant to which NMCE shall merge with ICEX. The merger is subject to receipt of statutory approvals and post the merger, the ICEX shareholders shall hold 62.8% in the merged entity and the remaining 37.2% shall be held by the merging NMCE shareholders. The JSA team included Joint Managing Partner – Dina Wadia; Partner – Manav Raheja and Associate – Ronak Shah.