Euronext to offload 4.8% in MCX stake tomorrow

The share-sale of 2.44 mn shares is likely to happen in a price band between Rs 1,003 and Rs 1,024 per share

BS Reporter Mumbai
Last Updated : Mar 06 2013 | 9:15 PM IST
NYSE Euronext (NYX) will sell about 4.8% stake in Multi Commodity Exchange via a block deal on Thursday, said a source.

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.

Shares of MCX, the only listed stock exchange, today closed at Rs 1,056.05, up Rs 1.35, or 0.13%.

The share-sale, which is priced at a discount of 3 to 5%, could fetch up to Rs 250 crore to NYX.

Citigroup will be the sole book running manager to the share-sale.

NYX, which had acquired the stake in the MCX in June 2008 at a price of Rs 559 per share, has most doubled its investment in MCX.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 06 2013 | 9:11 PM IST

Next Story