Rakesh Jhunjhunwala has purchased nearly two percent stake in Multi Commodity Exchange of India (MCX) for over Rs 66 crore. The Ace investor has bought one million shares amounting 1.96% of total equity of MCX on an average price of Rs 664 apiece on NSE.
Meanwhile, Financial Technologies (India) (FTIL), anchor investor in MCX, has sold a total of 1.02 million shares, representing 2% stake in the commodity bourse. Post selling, the FTIL’s holding in MCX has come down from 26% to 24.02%.
MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
