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.

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