Business Standard

MCX dips on NYSE Euronext stake sale plan report

NYSE Euronext will sell about 4.8% stake in MCX via a block deal in a price band between Rs 1,003 and Rs 1,024 per share.

Related News

Shares of Multi Commodity Exchange of India (MCX) is trading lower by 3.4% at Rs 1,020 on reports that the (NYX) will sell its entire stake in the country's largest commodity exchange via block deal today.

The stock opened at Rs 1,017 and hit a low of Rs 1,008 on BSE. As many as a combined 83,220 shares have changed hands on the counter in opening deals as against an average sub 200,000 shares that were traded daily in past two weeks on BSE and NSE.

“NYSE Euronext (NYX) will sell about 4.8% stake in via a block deal on Thursday,” a Reuters report suggests.

The share-sale of 2.44 million shares is likely to happen in a price band between Rs 1,003 and Rs 1,024 per share, added report. is expected to be the buyer.
 

Read more on:   
|
|

Read More

Markets open tad lower on profit-taking

Markets open tad lower on profit-taking

Quick Links

 

Market News

Thailand, Indonesia, Malaysia plan rubber exchange

The exchange will be operational in 18 months

Adani's controversial foray down under

SBI, however, says the loan will be disbursed only after proper due diligence

Fund managers to wait tilll next Budget for tax clarity

The proposal to treat their business income as capital gains was part of capital market reforms in this budget but I-T Dept will take longer

Less than 25% of shareholders participate in delistings: Experts

They say 25% rule could prove major hurdle for exiting companies

Equity MFs turn net sellers; shares worth Rs 675 crore sold

Investment managers say it's nothing but a tactical sell call

Back to Top