MCX sells MSXI warrants worth Rs 2.2 crore to IL&FS

This is the second such sale of MSXI warrants by MCX to IL&FS this month

Multi Commodity Exchange (MCX) has sold around 90 lakh warrants of Metropolitan Stock Exchange (MSXI), earlier known as MCX-SX, worth Rs 2.2 crore to IL&FS Financial Services. This is the second such sale of MSXI warrants by MCX to IL&FS this month.

Earlier this month, MCX had sold over 2.2 crore warrants of MSXI worth about Rs 5.3 crore to IL&FS. The warrants sold on Monday number 90,17,227. All the warrants sold are convertible into equity shares and will raise IL&FS’s stake in MSXI from three per cent at the end of December 2014.

As per the regulatory filing on exchanges, the commodity exchange sold these warrants at the rate of Rs 2.50 per warrant.