MCX was incorporated as a private limited company on April 19, - TopicsExpress



          

MCX was incorporated as a private limited company on April 19, 2002 in Mumbai, India.The company came with an IPO with a sale of 64,27,378 shares by its then shareholders with an objective to achieve the benefits of listings on the Stock Exchange. The IPO was priced at Rs. 1,032.00 per share raising Rs. 663 Cr and got listed on March 09, 2012 MCX is the market leader by trading turnover in the Indian commodity exchange space. Within the commodity basket, MCX focuses on non-agricultural commodities such as precious metals, base metals, and energy with the top four, gold, silver, copper, and crude oil, accounting for 90.9 % of volumes.Jignesh Shah-led FTIL has now completely exited MCX as well as MCX-SX making it entirely a new scam free entity. The valuation of MCX’s standalone business at 25x FY15E EPS of Rs. 30.79 gives us the standalone valuation of MCX at Rs. 770 per share; the valuation of the stake in MCX-SX (incl. warrants) contributes additional Rs. 110 per share to MCX. READ MORE - bhavikkshah.blogspot.in/2015/01/multi-commodity-exchange-of-india-ltd.html
Posted on: Tue, 13 Jan 2015 07:41:22 +0000

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