Will look at acquiring exchanges ahead: MCX

Shares in Multi Commodity Exchange (MCX) rose more than 37% on their trading debut on Friday, indicating a revival in investor appetite for share offerings after a lacklustre 2011.

MCX, which is the first Indian bourse to list its shares on an exchange, had priced its initial public offering at Rs 1,032, raising Rs 6.6 billion. The IPO was subscribed more than 54 times.
At 10:01 a.m. (0431 GMT), MCX shares were at Rs 1,413, up 37.2% in a Mumbai market that was up 1.9%.
Speaking to the media, MCX management said, they will look at acquiring other exchanges going forward.
The exchange's majority shareholder Financial Technologies India and investors including state-controlled State Bank of India (SBI) and Bank of Baroda (BoB) sold part of their holdings in the IPO.