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.
Shares of Multi Commodity Exchange of India (MCX) is trading lower by 3.4% at Rs 1,020 on reports that the NYSE Euronext (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 MCX 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. Goldman Sachs Fund is expected to be the buyer.
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 MCX 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. Goldman Sachs Fund is expected to be the buyer.