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.
International Financial Corp (IFC), the private lending arm of the World Bank, has revealed that it intends to invest in two leading Bangladeshi companies. The aim is to give impetus to the government’s efforts to upgrade Bangladesh’s infrastructure and expand its exports.