MCX Stock Exchange announced divestment of 6.48% equity to Union Bank of India and Bank of India through primary offering at Rs.10 per share of face value Re.1, involving investment of Rs.87.50 crore in the company.
The exchange in a filing with BSE said that it expects further 11.52% equity divestment to other banks. The divestment is in line with the regulatory requirements of SEBI and total of 18% equity will be divested with the top Indian public and private sector banks as strategic investors in the first round.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.