SEBI Approves MCX IPO-Financial Technologies,SBI To Sell Stake
Sebi has approved the IPO of Multi Commodity Exchange. MCX will sell 6.43Mn shares constituting a 12.6% stake in the company through the IPO. Promoter Financial Technologies will sell a 5.18% stake, while 
State Bank of India will sell a 4.14% stake.
Jignesh Shah promoted Muti Commodity Exchange had initially planned the IPO in 2008, but had to postpone it due to adverse market conditions.
Edelweiss Capital Ltd., Citigroup Global Markets India Pvt. Ltd. and Morgan Stanley India Co. Pvt. Ltd. are the book running lead managers to the Offer.
Bank of India, ICICI Bank, Kotak India, IL&FS BoFA, Passport India, GLG Partners, Citigroup NYSE Euronext and Fidelity International are the other investors in MCX. Financial Technologies which currently holds 31% in MCX will dilute its holding to 26% after the IPO.
MCX-Stock Exchange, which is owned by Multi Commodity Exchange and Financial Technologies India, is already in a legal battle with SEBI after the regulator denied it permission to start equity trading earlier this year.
The Guidelines on the equity structure of the Nationwide Multi Commodity Exchanges has forced the promoters and other major sharecholders of various commodity exchanges operating in the country to sell off part of their stake.
Here is the GoI Document
Guidelines on Equity Structure Commodity Exchanges
| 1 Readers' Comments | Post a Comment >> |
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 13/03/12 | MCX - ICICI Emerging Fund (Exit) | Private Equity | 6.35 | |
| 01/03/12 | Passport Capital - MCX - Bajaj Holdings | Private Equity | Bajaj Holdings & Investment Limited | 25.41 |
| 22/02/12 | Multi Commodity - Anchor Invesments | IPO / Offerings | Credit Suisse | 19.40 |
| 12/09/11 | Multi Commodity Exchange (MCX) - IPO | IPO / Offerings | - | |
| 18/05/10 | MCX - Government Companies | M&A | Looking For | 100.80 |
| 08/03/10 | Fidelity - MCX - Intel | Private Equity | Intel Capital India Technology Fund | 0.15 |
| 25/02/10 | Fidelity - MCX - Passport India | Private Equity | Passport India Investments (Mauritius) Limited | - |
| 03/02/10 | Citigroup-MCX-Ashmore | Private Equity | Ashmore Plc | 40.00 |
| 14/02/08 | Multi Commodity - NYSE Euronext, Inc. | M&A | NYSE Euronext, Inc. | 50.60 |
| 13/12/07 | Multi Commodity - ICICI Bank Ltd., | Private Equity | ICICI Bank Limited | - |
| 28/09/07 | Multi Commodity - Merrill Lynch & | Private Equity | Bank of America Merrill Lynch & Co. Inc. | 160.00 |
| 05/02/06 | Multi Commodity - Fidelity International Ltd. | M&A | Fidelity International Limited | 49.00 |
| 31/07/05 | Multi Commodity - Times Private Treaties | Private Equity | Brand Capital (Formerly Times Private Treaties) | 2.60 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 11/05/12 | M&A | Warburg Pincus International | Future Capital Holdings Limited (Co.) | - | Planned |
| 08/05/12 | M&A | AEGON | Aegon Religare Life Insurance Company Limited | - | Rumor |
| 08/05/12 | M&A | HCL Group | DLF Pramerica Life Insurance Company Limited | - | Planned |
| 02/05/12 | Private Equity | International Finance Corporation | MAS Financial Services Limited | 12.00 | Planned |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Financial Technologies India Limited | Jignesh P Shah & Family La-Fin Financial Services Private Limited |
Doshi Towers, 1st Floor, Flat No. 1A & B No. 156,Periyar, EVR Salai, Kilpauk, Chennai-600010. | www.ftindia.com | |
| Multi Commodity Exchange of India Limited | Financial Technologies India Limited | CTS No. 255, Exchange Square, Suren Road, Andheri East |
ACE Derivative And Commodity Exchange Limited (Ahmedabad Commodity Exchange Limited) Indian Commodity Exchange Limited International Multi Commodity Exchange National Commodity & Derivatives Exchange Limited National Multi-Commodity Exchange of India Limited Universal Commodity Exchange Limited |
www.mcxindia.com |
| Corporation Bank Limited |
Punjab And Sind Bank Oriental Bank Of Commerce |
|||
| 1 | September 21, 2011 10:44 AM |
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too...... Thanks Regards: Commodity Market - Posted by Commodity Market  Recommended by 0 Readers |
| 2 | September 19, 2011 05:49 PM |
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