BNP Paribas Arbitrage has sold 6 lakh shares of Multi Commodity Exchange (MCX) through an open market transaction. The financial service firm has sold the shares at an average price of Rs 282.70 a piece valuing the deal for Rs 16.96 crore. The shares were sold on National Stock Exchange (NSE) on August 21, 2013.
Earlier this week, BNP Paribas had picked up 5.66 lakh MCX shares for an estimated Rs 14.5 crore. Besides, on August 16, the financial service firm had bought 6.4 lakh MCX shares for more than Rs 15 crore.
MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
Earlier this week, BNP Paribas had picked up 5.66 lakh MCX shares for an estimated Rs 14.5 crore. Besides, on August 16, the financial service firm had bought 6.4 lakh MCX shares for more than Rs 15 crore.
MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
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