Multi Commodity Exchange of India has attracted three local
banks - Union Bank of India, Corporation Bank, and Bank of
India - as strategic equity partners.
Union Bank and Corporation Bank are each taking a 2% equity
stake. The value of the deals were not disclosed but unnamed
sources told India's Financial Express that a total of 10% of
MCX was sold for Rs2.1 crore. ($469,000) which would value the
entire exchange at $4.69m.
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