Blackstone sells 4.75% stake in MCX for Rs 302-cr

Private-equity giant Blackstone Group today offloaded 4.75 per cent stake in Multi Commodity Exchange of India (MCX) for an estimated Rs 302 crore through an open market transaction.

Blackstone GPV Capital Partners (Mauritius) sold a total of 24,21,028 shares, amounting to 4.75 per cent, of MCX, according to data.

The shares were offloaded on an average price of Rs 1,250.07 apiece, valuing the transaction at Rs 302.64 crore.

Blackstone Group held 24,42,212 shares or 4.79 per cent in the commodity exchange at the end of September quarter.

Meanwhile, Swiss Finance Corporation has picked up 24,09,194 shares for Rs 301.15 crore.

MCX is a leading commodity derivatives exchange with a market share of 89.2 per cent in terms of the value of commodity futures contracts traded in the first half of the year.

Shares of MCX rose 2.56 per cent to close at Rs 1,328.65 apiece on the BSE today.