National Stock Exchange of India (NSE) has offloaded over 2% stake in Multi Commodity Exchange (MCX) in small tranches over past few weeks. As per MCX’s latest shareholding, NSE held 12.5 lakh shares or 2.45% stake in the commodity exchange as on June 30, 2012. Out of this, NSE has sold more than 12 lakh shares and is left with only a few thousand shares, as it did not see any further value proposition in this long-held investment.
Further, Jignesh Shah-led Financial Technologies (India), holds 26% stake in MCX, while other major investors include Fidelity Funds (5%), Passport Capital (4.9%), Aginyx Enterprises (4.79%), NYSE Euronext (4.73%), IFCI (4.79%) and Nabard (3.06%).
