Shares in Multi Commodity Exchange of India (MCX) and Financial Technologies (India) have gain more than 3% each on BSE after ace investor Rakesh Jhunjhunwala on Tuesday purchased nearly two percent stake in commodity bourse for over Rs 66 crore.
MCX has rallied 4% to Rs 708, extending its previous day’s 4% gain, while FTIL up 3.5% to Rs 264 in early morning deals on the BSE.
On July 8 2014, Rakesh Jhunjhunwala purchased one million shares amounting 1.96% of total equity of MCX on an average price of Rs 664 apiece on NSE, the bulk deal data showed.
Meanwhile, Financial Technologies (India) Ltd (FTIL), anchor investor in MCX, has sold a total of 1.02 million shares, representing 2% stake in the commodity bourse.
Post selling, the Company’s holding in MCX has come down from 26% to 24.02%, FTIL said in a statement.
MCX has rallied 4% to Rs 708, extending its previous day’s 4% gain, while FTIL up 3.5% to Rs 264 in early morning deals on the BSE.
On July 8 2014, Rakesh Jhunjhunwala purchased one million shares amounting 1.96% of total equity of MCX on an average price of Rs 664 apiece on NSE, the bulk deal data showed.
Meanwhile, Financial Technologies (India) Ltd (FTIL), anchor investor in MCX, has sold a total of 1.02 million shares, representing 2% stake in the commodity bourse.
Post selling, the Company’s holding in MCX has come down from 26% to 24.02%, FTIL said in a statement.