BNP Paribas acquires 1.11% stake in MCX for Rs 14.49 crore

BNP Paribas Arbitrage has acquired additional 5,66,330 shares amounting to 1.11% stake in Multi Commodity Exchange (MCX), through open market transactions. The shares were picked up for Rs 255.93 apiece valuing the transaction at Rs 14.49 crore.

In a separate bulk deal, South Asia Portfolio offloaded 2.74 lakh shares of MCX for little over Rs 7 crore. Last week, BNP Paribas Arbitrage purchased 640,000 shares of MCX through an open market transaction valuing the deal at Rs 15.47 crore.

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.