Multi Commodity Exchange of India Limited
Axis Mutual Fund decreased its stake in Multi Commodity Exchange of India Limited from 3.37% to 2.13%, selling 3,147,803 shares. The value of the shares sold is ₹1029.35 Cr at ₹3268.00 apiece.
India's leading commodity derivatives exchange, MCX operates as a national-level electronic platform regulated by SEBI. The exchange provides fair price discovery and price risk management services across the Indian commodity market ecosystem. As India's first listed national commodity exchange, it facilitates trading in metals, energy, and agricultural commodities for farmers, traders, and institutional participants seeking hedging and investment opportunities in commodity markets.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.