BackMCX shares close up 2.56% after block deal
MCX shares traded as much as 8.95% higher (intraday), the scrip closed up 2.56% at Rs1,328.65 against the previous session's closing of ₹1,295.45
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Mumbai: Shares of Multi Commodity Exchange of India Ltd (MCX) on Friday surged as much as 9% after the scrip witnessed a block deal in morning trade.
The stock opened at Rs1,295.45 a share and touched a high of Rs1,411.40, a level last seen on 3 October. The stock gained for the fourth consecutive session and rose 17.9% in this period. So far this year, it has gained 46.9%.
Though MCX shares traded as high as ₹ 1,411 (8.95% up) during the day, the scrip closed only 2.56% higher at ₹ ,328.65 against the previous session’s closing of ₹ 1,295.45. During the session on Friday, the scrip fluctuated between the high and low of ₹ 1,411 and ₹ 1,270, respectively, during the session on Friday.
2.4 million shares of MCX changed hands in a single block deal. Details of the buyers and sellers were not available, according to a Bloomberg report. According to ET Now TV, private equity firm Blackstone Group Lp has sold its entire 4.7% stake in the company via a block deal. The deal was valued around at Rs300 crore. The stake has been picked up by UK-registered fund house Pictet Group, the report added.
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