FTIL stake in MCX falls to 26%
Financial Technologies India Ltd (FTIL) today said its stake in MCX, the country's largest commodity bourse, has come down to 26% after it sold 26.43 lakh shares of the exchange through an IPO.
The shares were sold by FTIL, a promoter entity of MCX, at a price of Rs 1,032 per piece in the recently concluded Initial Public Offer (IPO).
In a regulatory filing to the BSE, FTIL said it "has offered 26,43,916 equity shares of face value of Rs 10 per each of MCX in the recently concluded IPO for a consideration of Rs 1,032 a share."
Subsequent to the disinvestment, FTIL now holds 26% in MCX, it added. As per the data available with the stock exchanges, foreign institutional investors hold 7.81%, domestic institutions have 26.28% and other shareholders have 39.91% stake in the exchange.
MCX last month came out with its IPO, where in it got bids worth Rs 36,000 crore for the shares under offer to raise about Rs 650 crore.
It listed last Friday with a 34% premium over its IPO price and finally settled 26% higher at Rs 1,297.05 a share on the BSE that day.
In today's trade, MCX shares fell by 4.94% to close at Rs 1,233 on the second day of its trade in the market.
FTIL shares closed for the day 3.54% lower at Rs 782.75.