Metropolitan Stock nets Rs 75 crore through rights issue

Metropolitan Stock Exchange of India (MSEI) today said it has mobilised Rs 75 crore through a rights issue and was geared up for next level of growth.
"We have raised Rs 75 crore through a rights issue. The net-worth of the exchange would be over Rs 225 crore," MSEI (formerly MCX Stock Exchange or MCX-SX) said in a release here.
Besides a clutch of banks, ace investor Rakesh Jhunjhunwala has subscribed to the rights offering, which opened for subscription on June 9 and closed today.
Among stakeholders, State Bank of India has increased its stake in the bourse to 5 per cent from less than 1 per cent earlier. Besides, some more PSU banks and private investors like Jhunjhunwala have subscribed to the issue, the release said.

The exchange is in talks with certain private investors to get the remaining part of the issue subscribed, it said.
Commenting on the development, Saurabh Sarkar, MD & CEO of MSEI, said, "We thank all our shareholders who have reposed strong faith and confidence in the exchange during these crucial times. We are now geared up for next level of growth.