Multi Commodity Exchange of India (MCX) has sold to IL&FS Financial Services (IL& FS) 21,522,755 warrants of MCX Stock Exchange (MCX-SX) convertible into 21,522,755 equity shares of MCX-SX at consideration of Rs 2.50 per warrant subject to applicable provision with respect to ownership of stock exchanges under Securities Contracts (Regulations) (Stock Exchanges and Clearing Corporations) Regulations, 2012.
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.
