Swiss Fin Corp Rs 300 crore sells 4.8%, Blackstone exits Multi Commodity Exchange

On Friday Blackstone exited its investment in MCX by selling nearly 4.8% stake to Swiss Fin Corp for Rs 300 crore. 

Blackstone, through its Mauritius supplementary, Blackstone GPV Capital Partners, held 4.79% stake in the commodity exchange as on September 30, 2016.

The shares of Multi Commodity Exchange jumped 8.7percent to an intraday high of Rs 1,413.40 on BSE.

Blackstone has firstly purchased 2percent of MCX's equity capital in 2013 from Merrill Lynch for 104 crore and another 2.79 percent from it for Rs 81.5 crore almost a year later. The country's largest commodity exchange and its only listed one reported a net profit of Rs 37.65 crore on revenue of Rs 65 crore in the September quarter.

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