Share Market Regulator, SEBI [Security and Exchange Board of India] on 10 February 2012 gave its approval to the listing of 64.27 lakh shares of MCX[Multi Commodity Exchange of India] in the capital market.
The approval would remain effective for the next one year. The IPO [Initial Public Offering] will first be listed with BSE [Bombay Stock Exchange] followed by NSE[National Stock Exchange]. Price of IPO is expected to be around Rs. 1200 per share.
MCX is the sixth largest commodity exchange in the world which occupies number one ranking in silver and number two in gold. With SEBI’s approval MCX would become the first exchange in India to have got listed in Capital market.
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