After an earlier failed attempt to divest its stake in Multi Commodity Exchange (MCX) in March this year, global exchange giant NYSE Euronext is considering a fresh bid to sell its stake in India’s premier commodity bourse once again. NYSE Euronext, which runs leading bourses in the US and Europe, holds 4.79% stake in MCX which is currently valued at over Rs 200 crore.
Depending on the market conditions, NYSE Euronext will soon make a fresh attempt to sell its MCX stake, either in part or full. The sale would most probably be carried out through an open market transaction and would be part of NYSE Euronext’s stated objective to monetize non-strategic assets across the world.
Earlier in March this year, NYSE had tried selling nearly 24.42 lakh shares of MCX, amounting to a 4.79% stake, for about Rs 250 crore, but the sale was called off due to poor response from investors.
