Multi Commodity Exchange of India (MCX) has sold to IL&FS Financial Services (IL&FS) 90,17,227 warrants of Metropolitan Stock Exchange of India (MSXI) formerly known as MCX Stock Exchange (MCX SX) convertible into 90,17,227 equity shares of MSXI 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.
