Mumbai, 6 January: Blackstone today bought 2.79 per cent stake in MCX for a consideration of around Rs 81 crore, after the Forward Markets Commission gave the private equity giant its nod to hike holding in the commodity bourse to 4.99 per cent.
According to information available with the stock exchanges, foreign fund house Merrill Lynch sold its entire 14,22,245 shares, amounting to 2.79 per cent stake, of MCX to Blackstone GPV Capital Partners Mauritius VI FII Ltd.
The shares were offloaded on an average price of Rs 573 valuing the transaction at Rs 81.49 crore.
As of September quarter, Blackstone held 10.19 lakh shares, equivalent to two per cent stake, in MCX. pti