The Economic Times has reported Indore based National Board of Trade (NBoT) to be the most upcoming national commodity bourse in India. NBoT has improved its demutulisation process and has issued approximately 66% equity, worth Rs.8 Crore, to its 119 members so far. The same has been confirmed by BC Khatua, chairman of FMC, the organization which controls over five national and 16 regional commodity exchanges in India. “The bourse will not need to restructure its shareholding pattern” says Mr. Khatua. An EGM (Extraordinary General Meeting) will be convened in due course of time to appoint an anchor investor to take up 40% in a national commix, and which will be reduced to 26% by the end of 5<sup>th</sup> year. <p style="margin-bottom: 0in"> </p><p style="margin-bottom: 0in"><br />The bourse will then be eligible to upgrade into a national level commodity exchange after completion of demutualization process. This will change the status of organization from a company limited to one that is controlled by share holders. NBoT was founded by SOPA (Soybean Processors Association of India) in the year 1999 with an aim to provide a trading platform to stakeholders in Soya Oil.</p>