ICICI Emerging Market has part exited from Multi Commodity Exchange through bulk deal on NSE.

ICICI Emerging Sectors Fund offloaded 258345 equities of MCX for R1226.49 a piece, valuing the deal to R31.68Cr.

ICICI Trusteeship Services Ltd, through ICICI Emerging Sectors Fund, held a total of 1349181 shares constituting 2.65% stake in MCX.

Recently, Financial Technologies India Ltd has also divested 5.18% stake in Multi Commodity Exchange of India Limited in the recently concluded IPO.

It sold 2643916 equity shares of face value of R10/- each for a consideration of R1032/- per share. With this transaction FTIL’s shareholding has come down to 26%.

According to BSE, FIIs hold 7.81%, domestic institutions have 26.28% and other shareholders have 39.91% stake in the exchange.

Earlier in March, Bajaj Holdings and Investment Limited has acquired 3.06% stake in MCX by purchasing 1.56Mn shares from Passport Capital LLC.

MCX saw its IPO oversubscribed by 54 times. The IPO opened on 22 February and closed on 24 February. In that time, it received bids for R36000cr (over $7 bn), compared to the offer size of R663Cr ($135 mn) and the retail portion of the issue was oversubscribed by 24 times, the highest-ever retail participation in an IPO in the country.

Multi Commodity Exchange, who received SEBI’s approval for IPO last year has raised $19.4 Mn from anchor investors in pre IPO share sale.

The anchor investors that bought MCX shares in the pre-IPO sale include BlackRock Global Funds, Deutsche Securities, Kuwait Investment Authority Fund, Credit Suisse, ICICI Prudential Mutual Fund and Tata AIG Life Insurance.

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