NYSE Euronext has called off its plan to raise up to $46 million by selling its 4.8 percent stake in Multi-Commodity Exchange of India (MCX), two sources with direct knowledge of the development said on Thursday.
The transaction has been called off for now due to poor investor response to the pricing of the share sale, one of the sources said. Both sources declined to be named as they were not authorised to speak to the media.
NYSE Euronext had said last month it would shed its stake in Mumbai-based MCX.
Image: MCX MD Jignesh Shah.
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