NYSE Euronext (NYX) is all set to exit Multi Commodity Exchange of India by offloading its 4.8% stake via a block deal on Thursday. The company is likely to sell its stake in a price band between Rs 1,003 and Rs 1,024 per share.
The share-sale, which is priced at a discount of 3 to 5%, could fetch up to Rs 250 crore to NYX. Citigroup will be the sole book running manager to the share-sale.
NYX, which had acquired the stake in the MCX in June 2008 at a price of Rs 559 per share, has most doubled its investment in MCX.
Multi Commodity Exchange of India is the leading commodities exchange in India based on value of commodity futures contracts traded.
Company Name | CMP |
---|---|
ICICI Securities | 716.20 |
Angel One | 2498.50 |
Motilal Oswal Fin | 2224.90 |
Share India Sec. | 1513.15 |
SMC Global Sec. | 160.95 |
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