Last Updated :
11 February 2012 at 10:35 IST
MCX IPO gets SEBI nod, 64.27 lakh shares on offer
MUMBAI (Commodity Online): The Multi Commodity Exchange of India (MCX) is all set for its Initial Public Offering (IPO), thanks to a go-ahead by the Securities and Exchange Board of India (SEBI). When the offer for issue is completed, MCX will be the first ever Indian exchange to get its shares listed.
Around 64.27 lakh shares would be on offer, accounting for about 12.60% of the post offer paid-up equity capital. Selling shareholders include Financial Technologies, SBI, Bank of Baroda, ICICI Lombard etc.
The offer for sale is expected to open on Feb 21 and close on Feb 24, 2012, as per a Reuters report. Citigroup, Edelweiss and Morgan Stanley may manage the sale.
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