Multi Commodity Exchange of India (MCX), has declined any plans to renew its deferred initial public offering (IPO), a top company official said on late Monday.
These are rumours... said Joseph Massey, managing director of the bourse, said in response to some media reports quoting sources about a revival in MCX IPO plans.
MCX had in August 2008, shelved its IPO, taking into consideration the market scenario and the advice of the merchant bankers.
MCX, a unit of Financial Technologies India Ltd, had filed an offer document with the market regulator in February 2008 and media reports had estimated the size of the issue at around 5-6 billion rupees.
| Source: Asian CERC |
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