MCX shares up nearly 4% on bourses

Tags: MCX, Stock Market
Shares of Multi Commodity Exchange of India today rose by nearly 4 per cent as FTIL received non-binding bids from 9 top corporates for buying its 24 per cent stake in the bourse.

Stocks of MCX went up by 3.90 per cent to settle at Rs 584.15 on the BSE. During the day, the scrip gained 7.45 per cent to Rs 604.15.

The stock ended 3.93 per cent up at Rs 584.50 on the NSE.

FTIL is making all efforts to complete the sale of its stake in MCX by April 25 and has called for a Board meeting on that day to finalise the bidders, FTIL had said last week.

Jignesh Shah-promoted FTIL has to reduce its stake in MCX to 2 per cent from the current 26 per cent to comply with the regulatory norms following the NSEL payment crisis of Rs 5,600 crore.

FTIL has appointed a committee to oversee its restructuring plan, which includes divesting its take in MCX.

Post new comment

E-mail ID will not be published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

EDITORIAL OF THE DAY

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture