NYSE Euronext’s proposed stake sale in MCX did not happen on Thursday. The exchange holds 4.79 per cent (over 24.4 lakh shares) in India’s only listed commodity exchange MCX.
Marketmen said that NYSE did not get a positive response from prospective buyers for the price band (Rs 1,005-1,026) that it had apparently quoted.
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An MCX official said “We do not want to comment as it is a secondary market transaction and we are not a party (buyer or seller) to it.”
The MCX scrip closed at Rs 1,015.85 on the BSE, down 3.81 per cent.
raghavendrarao.k@thehindu.co.in