NYSE Euronext sells 5.65 lakh MCX shares

Tags: News
Global exchange giant NYSE Euronext today offloaded 5.65 lakh shares of India's premier commodity bourse MCX for an estimated Rs 24 crore.

According to information available with the bourses, NYSE Euronext sold 5.65 lakh shares of Multi Commodity Exchange (MCX) through the open market route.

The shares were offloaded at an average price of Rs 427.02 apiece, valuing the transaction at Rs 24.12 crore.

NYSE Euronext, which runs leading bourses in the US and Europe, held 4.73 per cent stake or 24,12,767 shares of MCX at the end of September quarter.

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.

Yesterday, MCX had announced that regulator Forward Markets Commission has allowed US private equity firm Blackstone to raise its stake in the exchange to 4.99 per cent.

Blackstone held 2 per cent of the exchange's equity as of September 30, 2013.

Increasing its stake to 4.99 per cent would make Blackstone the largest non-promoter shareholder in MCX, ahead of Aginyx Enterprises Ltd and IFCI Ltd, which each held 4.79 per cent in the bourse.

MCX shares today fell by 1.48 per cent to close at Rs 415.10 apiece on the BSE.

Post new comment

E-mail ID will not be published
This question is for testing whether you are a human visitor and to prevent automated spam submissions.


  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’


Stay informed on our latest news!


GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India


Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...


William D. Green

Chairman & CEO, Accenture