MoneyWorks4Me

Multi Commodity Exchange of India sells its stake in MSEI

25 Jun 2015 Evaluate

Multi Commodity Exchange of India (MCX) has sold 148,277,938 warrants of Metropolitan Stock Exchange of India ( MSEI) convertible into 148,277,938 equity shares of MSEI to the various investors subject to the applicable provision with respect to ownership of Stock exchanges under the Securities Contracts (Regulations) Stock Exchange 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.


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