Latest News | Norway's Norges Bank Buys MCX Shares Worth Rs 50 Cr

New Delhi, Jan 3 (PTI) Norway's Norges Bank - Government Pension Fund Global on Tuesday bought 3.38 lakh shares of Multi Commodity Exchange of India (MCX) for over Rs 50 crore through an open market transaction.

According to bulk deal data available with the National Stock Exchange (NSE), Norges Bank -- Government Pension Fund Global acquired 3,38,000 shares, amounting to 0.7 per cent stake in the company.

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The shares were purchased at an average price of Rs 1,482.59 per piece, taking the transaction value to Rs 50.11 crore.

On Tuesday, shares of MCX closed 1.39 per cent higher at Rs 1,478 per scrip at NSE.

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MCX is India's first listed derivatives exchange that facilitates online trading of commodity derivatives.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)