Shares in Multi Commodity Exchange of India (MCX) has surged over 7% to Rs 445 on back of heavy volumes on the bourses.
The stock opened at Rs 418 and hit a high of Rs 447 so far on the National Stock Exchange (NSE). A combined 1.16 million shares have already changed hands on the counter till 0955 hours against average less than one million shares that were traded daily in past two weeks on the NSE and BSE.
Yesterday, Global exchange giant Euronext N.V. has sold part of its holding in the company through open market transaction.
On December 19, 2013 Euronext N V sold 565,000 shares of MCX at Rs 427.02 on the NSE. The buyer's name was, however, not disclosed in the bulk deal data available with the exchange.
NYSE Euronext, which runs leading bourses in the US and Europe, held 2.41 million or 4.73% stake of MCX at the end of September quarter.
On Wednesday, December 18, MCX had announced that regulator Forward Markets Commission (FMC) has allowed US private equity firm Blackstone to raise its stake in the exchange to 4.99%. Blackstone held 2% of the exchange's equity as of September 30, 2013.
The stock opened at Rs 418 and hit a high of Rs 447 so far on the National Stock Exchange (NSE). A combined 1.16 million shares have already changed hands on the counter till 0955 hours against average less than one million shares that were traded daily in past two weeks on the NSE and BSE.
Yesterday, Global exchange giant Euronext N.V. has sold part of its holding in the company through open market transaction.
On December 19, 2013 Euronext N V sold 565,000 shares of MCX at Rs 427.02 on the NSE. The buyer's name was, however, not disclosed in the bulk deal data available with the exchange.
NYSE Euronext, which runs leading bourses in the US and Europe, held 2.41 million or 4.73% stake of MCX at the end of September quarter.
On Wednesday, December 18, MCX had announced that regulator Forward Markets Commission (FMC) has allowed US private equity firm Blackstone to raise its stake in the exchange to 4.99%. Blackstone held 2% of the exchange's equity as of September 30, 2013.
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