Financial Daily from THE HINDU group of publications
Friday, Mar 17, 2006
Financial Daily from THE HINDU group of publications Friday, Mar 17, 2006 |
|
|
|
|
|
|
|
Markets
-
IPOs Agri-Biz & Commodities - Commodity Exchanges MCX files for IPO with SEBI Our Bureau
Mumbai , March 16 Multi Commodity Exchange of India Ltd (MCX) filed its draft red herring prospectus with SEBI on Thursday. The exchange is entering the capital market with a public issue of 50 lakh shares of face value of Rs 10 each through a 100 per cent book building process. The book running lead managers for the issue are Citigroup Global Markets Pvt Ltd, DSP Merrill Lynch Ltd and Kotak Mahindra Capital Company Ltd. MCX plans to use the proceeds of the issue to upgrade its technology and for strategic initiatives, acquisition and general corporate purposes. As of December 31, 2005, it offered futures trading in 58 commodities, including bullion, energy, ferrous and non-ferrous metals, oils and oilseeds, cereals, pulses, plantations, spices, plastic and fibers. The public issue of 50 lakh shares consists of a fresh issue of 14 lakh shares by MCX and an offer for sale of 36 lakh shares by Financial Technologies (India) Ltd and Corporation Bank.
More Stories on : IPOs | Commodity Exchanges
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|