MCX plans maiden Initial Public Offer | india | Hindustan Times
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MCX plans maiden Initial Public Offer

Multi Commodity Exchange of India on Wednesday announced its plan to enter the capital markets with its maiden Initial Public Offer.

india Updated: Sep 28, 2005 11:45 IST

Multi Commodity Exchange of India on Wednesday announced its plan to enter the capital markets with its maiden Initial Public Offer.

The MCX board has already approved the resolution for going ahead with the IPO during its board meeting held on September 24, 2005, a release said.

MCX will now proceed to take shareholders approved for the issue, it added.

The amount raised through IPO would be utilised for funding its expansion plans.