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Stock exchange MCX-SX has raised about ₹60 crore from its 2:1 rights issue, which closed on Friday. This was a third of the targeted ₹200 crore. The 2:1 rights issue was priced at ₹5/share.
An MCX-SX statement said that it would announce the names of the subscribing institutions on completing the allotment process.
The deadline to subscribe was extended twice as the shareholding banks sought time to get various clearances.
The net-worth post the rights issue exceeds the regulatory requirement of ₹100 crore and the proceeds will be used to develop business and attract new participants on the exchange’s platform.
The exchange is planning a preferential allotment after six months as it has received expression of interest from new domestic and international investors.
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