Blackstone, on Monday, bought 2.79 per cent stake in MCX for around Rs.81 crore, after the Forward Markets Commission (FMC) gave the private equity giant its nod to hike holding in the commodity bourse to 4.99 per cent.
According to information available with the stock exchanges, foreign fund house Merrill Lynch sold its entire 14.22 lakh shares, amounting to 2.79 per cent stake, of MCX to Blackstone GPV Capital Partners Mauritius VI FII Ltd.
The shares were offloaded on an average price of Rs.573, valuing the transaction at Rs.81.49 crore.
As of September quarter, Blackstone held 10.19 lakh shares, equivalent to 2 per cent stake, in MCX.
Increasing its stake to 4.99 per cent would make Blackstone the largest non-promoter shareholder in MCX, ahead of Aginyx Enterprises and IFCI, which each held 4.79 per cent in the bourse.
