State Bank of India, Corporation Bank and Bank of Baroda - all PSU lenders - had together bought 9.69 percent in MCX in 2004 at a total investment of Rs 3.94 crore, according to the offer share sale document of the exchange.
Multi-Commodity Exchange of India (MCX) today said one of its investors, state-run Bank of Baroda , has sold its entire stake in the troubled bourse. State Bank of India , Corporation Bank and Bank of Baroda - all PSU lenders - had together bought 9.69 percent in MCX in 2004 at a total investment of Rs 3.94 crore, according to the offer share sale document of the exchange. In April, Corporation Bank reportedly offloaded stake worth Rs 19.91 crore in the exchange and brought down its stake to 1.32 percent from 2.10 percent.
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