Mumbai: Shares of Multi Commodity Exchange of India Wednesday jumped 6 percent after ace investor Rakesh Jhunjhunwala purchased nearly two percent stake in the commodity bourse for over Rs 66 crore.
Shares of the company opened the day on a positive note and further gained 5.98 percent to Rs 720.40 on the BSE.
At the NSE, it surged 6 percent to Rs 720.
Rakesh Jhunjhunwala had yesterday purchased nearly two percent stake in commodity bourse MCX for over Rs 66 crore, as its erstwhile promoter FTIL diluted its holding from 26 percent to 24 percent.
MCX's erstwhile promoter Financial Technologies (India) Ltd (FTIL) has sold a total of 10.19 lakh shares, amounting to two percent stake in the commodity bourse.
Jhunjhunwala picked up 10 lakh shares of Multi Commodity Exchange (MCX) on an average price of Rs 664 apiece, data available with stock exchanges showed yesterday. This values the transaction at Rs 66.4 crore.
