Shares of commodity bourse MCX settled with nearly 7 per cent gains today after the Reserve Bank removed restriction imposed on overseas investors on buying equity shares in the Multi Commodity Exchange (MCX).
MCX stock climbed 6.85 per cent to end the day at Rs 916.60 on BSE. Intra-day, it touched a high of Rs 934.
On NSE, it jumped 7.39 per cent to settle at Rs 920.45.
On the volume front, 2.01 lakh shares changed hands on BSE, while over 13.5 lakh shares traded at NSE.
The aggregate share holdings in MCX by Foreign Institutional Investors or Registered Foreign Portfolios Investors have gone below the prescribed threshold caution limit stipulated under the extant FDI policy, RBI said in a notification on May 20.
Hence, the restrictions placed on the purchase of shares of the company are withdrawn with immediate effect, it had said.
As per data available on BSE, public holding in the company was 99.64 per cent as of March 2016, while the rest 0.36 per cent was held by others.