NYSE plans to sell stake in MCX

Written by PTI | New Delhi | Updated: Feb 12 2013, 03:38am hrs
NYSE Euronext is planning to sell its 4.79 per cent stake, in full or part, in India's leading commodity bourse MCX, the global exchange major has said.

"...we are continuing to deliver on our commitment to optimize the business portfolio with ... the planned sale of all or part of our MCX stake," NYSE Euronext Group Executive Vice President and CFO Michael S Geltzeiler said while announcing full year results for 2012.

NYSE Euronext currently holds 4.79 per cent stake in MCX, which is worth Rs 325 crore as per the current market price. The exchange had bought 5 per cent stake about Rs 240 crore in June 2008.

NYSE Euronext is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the US trade equities, futures, options, fixed-income and exchange-traded products.