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.
American International Group (AIG) has sold a large part of its stake in PICC Property and Casualty Co. Ltd in a block deal. The American company sold about 740 million shares for HK$13.08 per share. This price was near the bottom end of the price range, but it garnered AIG HK$9.68 billion or $1.25 billion.