National Stock Exchange sells over 2 pct stake in MCX

Aug 26 2013, 21:26 IST
Comments 0
NSE was allotted 10 lakh MCX shares in May 2005, but the quantum of this holding has since changed many times due to change in MCX's share capital. NSE was allotted 10 lakh MCX shares in May 2005, but the quantum of this holding has since changed many times due to change in MCX's share capital.
SummarySpeculation is rife about a buyout of India's largest commodity bourse by a rival, pvt investors.

cent) and Nabard (3.06 per cent).

MCX shares have seen strong market interest in the recent days, especially since a major payment crisis involving about Rs 5,500 crore broke out at a group entity, National Spot Exchange Ltd (NSEL), late last month.

While there are no official words, the market is rife with speculations that MCX might eventually see a new investor acquiring majority control and the names doing the round include those of at least rival commodity exchanges and some private equity players, among others.

This has helped MCX shares soar sharply from a 52-week low of Rs 238.30 on August 19 to Rs 306.90 currently. The shares rose by 5 per cent today at the BSE.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...