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NYSE Euronext fails to find takers for MCX stake

Posted on 08 March 2013

NYSE Euronext’s attempts to exit from Multi Commodity Exchange (MCX) on Thursday failed as Citigroup, the banker to the deal, failed to find takers for the stock at the specified price band, sources told ET.
NYSE Euronext, which operates New York Stock Exchange, hoped to raise around 250 crore by selling its entire 4.79% stake in MCX for 1,005.10-1,026.25 a share. However, buyers demanded a much lower price on concerns over the impact a newly introduced transaction tax on non-farm commodities could have on the exchange’s volumes………………………………………..Full Article: Source

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