Shares of Multi Commodity Exchange of India Ltd (MCX) jumped more than 7 per cent on the BSE on reports that the Forward Markets Commission (FMC) has given its nod to Blackstone GPV Capital Partners (Mauritius) VI FII Ltd to enhance its shareholding in the exchange.
In a communication to the stock exchanges, MCX said that FMC had permitted Blackstone GPV Capital Partners (Mauritius) to increase its stake in the exchange up to 4.99 per cent through secondary market transaction.
Blackstone GPV Capital Partners (Mauritius) owns 10,19,967 shares as at the end of September 2013 in MCX, constituting two per cent of the equity capital of Rs 51 crore of MCX.
Shares of MCX rallied Rs 27.45 or 7.05 per cent to Rs 416.55 on the BSE about 15 minutes after trading began today.