Bank of India (BOI) has sold 1.03% stake in Multi Commodity Exchange of India (MCX) for over Rs 20 crore through an open market transaction. BOI, which held 5.25 lakh shares or 1.03% in MCX as of the June quarter, offloaded its entire stake. The shares were sold at an average price of Rs 392.60 valuing the transaction at Rs 20.61 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.
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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