IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, and Oman India Joint Investment Fund, the co-investment vehicle between Oman’s State General Reserve Fund and the State Bank of India, have picked up a minority stake in India-based agriculture commodity derivatives exchange National Commodity and Derivatives Exchange (NCDEX) from financial services firm Jaypee Capital Services. IDFC Alternatives, structured through IDFC Private Equity Fund III, acquired around a five percent stake for INR456 million (approximately US$7.4 million), while Oman India Joint Investment Fund bought a 4.7 percent stake for around INR428 million (approximately US$6.9 million). NCDEX has over 700 warehouses across India with a storage capacity of more than 2.6 million metric tons.