Rakesh Jhunjhunwala buys 2 pct stake in MCX, FTIL cuts stake to 24 pct

Jul 08 2014, 21:20 IST
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Rakesh Jhunjhunwala purchased nearly two per cent stake in commodity bourse MCX for over Rs 66 crore Rakesh Jhunjhunwala purchased nearly two per cent stake in commodity bourse MCX for over Rs 66 crore
SummaryRakesh Jhunjhunwala purchased nearly two per cent stake in commodity bourse MCX for over Rs 66 crore

that are not locked in and hence had sold these on the floor of the Exchange," FTIL said.

FTIL said the equity shares representing 20 per cent of the post-offer equity share capital of MCX held by FTIL is locked in as promoters' contribution till March 2015 in terms of Regulation 36 of ICDR Regulations.

"Any disinvestment out of this 20 per cent will need to comply with the regulations," it added.

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