Multi Commodity Exchange, or MCX, announced on Thursday that it will price its shares in the forthcoming IPO at 860-1,032, valuing the company higher than global rivals like Chicago Mercantile and Intercontinental Exchange at the upper end of the band. The country's largest commodity bourse plans to raise 552.75 crore at the lower end of the price band and up to 663.30 crore at the higher end, by selling 64 lakh shares, or 12.6%, of its equity. The offer will be open from February 22 to 24. The IPO is the first of its kind by an Indian exchange. Shares will be listed only on the BSE.
Source: Economic Times
No comments:
Post a Comment