Shares of Multi Commodity Exchange of India (MCX) is trading higher by 3% at Rs 588 after the private equity giant Blackstone acquired an additional nearly 3% stake in the company for around Rs 81 crore through open market.
On Monday, Blackstone GPV Capital Partners Mauritius VI FII Ltd has bought 1.42 million shares representing 2.79% stake of MCX at price of Rs 573 per share, the BSE bulk deal data shows.
Post acquisition, total holdings of Blackstone in MCX has increased to 4.79% from 2%.
Meanwhile, foreign fund house Merrill Lynch has sold its entire 2.79% of MCX, according to information available with the stock exchanges.
Last month, the Forward Markets Commission (FMC) had given its approval to Blackstone GPV Capital partners (Mauritius) VI FII to increase its stake in MCX up to 4.99% through secondary market transaction.
The stock opened at Rs 573 and touched high of Rs 605 on the BSE. A combined 4.25 million shares have changed hands on the counter till noon deals on the BSE and NSE.
On Monday, Blackstone GPV Capital Partners Mauritius VI FII Ltd has bought 1.42 million shares representing 2.79% stake of MCX at price of Rs 573 per share, the BSE bulk deal data shows.
Post acquisition, total holdings of Blackstone in MCX has increased to 4.79% from 2%.
Meanwhile, foreign fund house Merrill Lynch has sold its entire 2.79% of MCX, according to information available with the stock exchanges.
Last month, the Forward Markets Commission (FMC) had given its approval to Blackstone GPV Capital partners (Mauritius) VI FII to increase its stake in MCX up to 4.99% through secondary market transaction.
The stock opened at Rs 573 and touched high of Rs 605 on the BSE. A combined 4.25 million shares have changed hands on the counter till noon deals on the BSE and NSE.
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