Merrill Lynch has sold nearly 2% stake in the country’s premier commodity bourse, Multi Commodity Exchange of India (MCX) for about Rs 104 crore. Private equity giant Blackstone picked up the shares purchased from Merrill Lynch Holdings (Mauritius) through open market transaction.
The private equity firm, through its entity Blackstone GPV Capital Partners Mauritius VI FII, purchased 10.19 lakh shares amounting to 1.99% stake in MCX. The scrips were purchased on an average price of Rs 1,020 valuing the deal size to Rs 104.03 crore.
Merrill Lynch Holdings (Mauritius), as of December quarter, held 24.42 lakh shares representing 4.79% stake 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 |
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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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