Follow us on   Twitter   Facebook   Explore Trade Now Feedback
Budget 2013 »Budget Expectations»Budget Expectations Details
Budget Expectations Details
Back

Bank of India sells stake in MCX for over Rs 20 crore

Press Trust of India / New Delhi 02 Sep 13 | 12:20 AM
141 Replies

State-run Bank of India today sold its 1.03% stake in Multi Commodity Exchange of India Ltd (MCX) for over Rs 20 crore through the open market.

Bank of India, which held 5.25 lakh shares, or 1.03%, in MCX as of the June quarter, offloaded its entire stake in the commodity exchange, according to information available with the bourses.

The shares were sold at an average price of Rs 392.6, valuing the transaction at Rs 20.61 crore, the data showed. The buyers of the shares could not immediately be ascertained.

MCX shares surged 5% to close at Rs 391.55 on the BSE today.

Last week, MCX Chairman Venkat Chary and five other directors of the commodity exchange resigned following implementation of new guidelines, including a bar on persons over 70 years of age holding board positions.

The development came on the heels of group company National Spot Exchange Ltd (NSEL) defaulting on the second payout for settling Rs 5,600 crore of dues after suspending trade on July 31 following the government's directions.

NSEL and MCX are promoted by Jignesh Shah-headed Financial Technologies India Ltd.




141 Replies

Comments

    07 May 21 at 06:50 PM
By: saba

I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up. BEST PUPPY FOOD FOR LARGE BREED UNDER 10 DOLLAR

    05 May 21 at 12:23 PM
By: wani

I appreciated your work very thanks BFO

    03 May 21 at 01:10 PM
By: Abrod Scholarship

Undergraduate scholarships 2021 are meant to support the education of students at the undergraduate level. The students in India, after passing class 12, look up undergraduate courses in varied streams like Engineering, Medical, Architecture, Arts/Humanities, Science, Commerce, etc. Abrod Scholarship to fund the education of these students at the undergraduate level, various organizations and institutions offer undergraduate scholarships. These scholarships offer financial freedom to those students, who face financial constraints in pursuing their dream education.

    02 May 21 at 12:56 PM
By: emaan

it was exceptionally helpful! I simply began in this and I'm becoming more acquainted with it better! Cheers, keep doing awesome! online marketing agency london

    28 Apr 21 at 12:46 PM
By: emaan

I just touchy to set aside you realize that I just take a look at out your web page and i find it absolutely captivating and informative. تصميم تطبيقات الجوال

    25 Apr 21 at 06:14 AM
By: adam

I appreciate everything you have added to my knowledge base.Admiring the time and effort you put into your blog and detailed information you offer.Thanks. productor musical

    22 Apr 21 at 02:29 PM
By: ZOHAIB MALIK

In this web page, you will see the actual web page, you must know this particular information. digital cinema

    20 Apr 21 at 05:57 PM
By: tania

Pretty nice post. I just stumbled upon your weblog and wanted to say that I have really enjoyed browsing your blog posts. After all I’ll be subscribing to your feed and I hope you write again soon! sports top high waist leggings for women

    20 Apr 21 at 04:57 PM
By: ZOHAIB MALIK

I recommend only good and reliable information, so see it: what is dcp

    18 Apr 21 at 04:14 PM
By: ZOHAIB MALIK

Gives you the best website address I know there alone you'll find how easy it is. Office Catering Services London

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | | Next




Leave a reply


Name: 
Email: * 
Comment: *
(Max. 1000 characters)
 
Word Verification: * 
 Comment 
Quick Jump

Budget Glossary

  • Appropriation Bill: It is presented to Parliament for its approval, so that the government can withdraw from the Consolidated Fund the amounts required for meeting the expenditure charged on the Consolidated Fund. No amount can be withdrawn from the Consolidated Fund till the Appropriation Bill is voted is enacted.

Budget Trivia

  • Pranab Mukherjee's first Budget in 1982 included one provision that set the stage for India Inc's most celebrated takeover battle.
Widgets Magazine