MCX to launch $125 mln IPO on Feb 21 - sources
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Last Updated: Fri, Feb 10, 2012 17:39 hrs
The Multi Commodity Exchange (MCX), India's country's biggest commodity bourse by turnover, plans to launch an initial public offering on February 21 to raise up to $125 million, two sources with direct knowledge of the matter said on Friday.
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The book for cornerstone investors will open on February 21 and for general investors a day later. The issue will close on February 24, said the sources, declining to be named as the matter is not public yet.
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MCX, which will become the first Indian bourse to list its shares on an exchange, will sell more than 6 million shares constituting a 12.6 percent stake in the company through the IPO, the company said last year.
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