Bajaj Holdings and Investment Limited has acquired 3.06% stake in MCX by purchasing 1.56Mn shares from Passport Capital LLC.
Bajaj Holdings bought the shares at R800 a piece, a fews days before the MCX offering opened for subscription.
According to RHP filed on SEBI, Passport Capital LLC held 2.5 Mn Shares constituting 4.9% stake in MCX.
San Francisco based Passport Capital manages approximately $3.7 bn in assets. It invests in Agriculture, Basic Materials, Consumer, Energy, Financial Services, Healthcare, Capital Markets, Internet / Technology, India and Middle East & North Africa.
Inter-city cab rental platform MyTaxiIndia Pvt. Ltd has raised $1 million (around Rs 6.65 crore) in a bridge round of funding from existing investor Nihon Kotsu Co, an 88 year old and leading taxi rental company in Japan.