Brokerage firm SBICAP Securities today invited bids for the sale of an investor’s stake in the National Stock Exchange and the Multi Commodity Exchange.
The Investor is selling one per cent stake in NSE and nearly six per cent in MCX. The last date for the bid is November 30.
In a public announcement, SBICAP Securities invited bids for 4.50 lakh equity shares representing one per cent of the total equity capital of NSE and 46.20 lakh shares representing 5.91 per cent of the total equity share capital of MCX.
“A client of SBICAP Securities Ltd (SSL) intends to sell the above shares. Applications are invited from interested bidders for purchase of the said shares held by our client”, it said.
SSL, a 100 per cent subsidiary of SBI Capital Markets, did not reveal the name of the client.
State Bank of India holds 86.16 per cent shares in SSL.
The remaining 13.84 per cent is held by the Asian Development Bank.
NSE has been promoted by leading financial institutions, banks, insurance companies and other financial intermediaries.
State Bank of India, SBI Capital Markets Ltd and ICICI Bank are among the promoters of the exchange.