Multi Commodity Exchange of India Limited (MCX) has announced a further investment of ₹9.20 crore in its subsidiary, India International Bullion Holding IFSC Limited (IIBHL). This investment was made through a rights issue, subscribing to equity shares of Re.1 each. The company confirmed that all requisite approvals, including regulatory clearance, have been obtained for this transaction, strengthening its commitment to its international bullion holding operations.
MCX Further Invests in IIBHL
Multi Commodity Exchange of India Limited (MCX) has announced a new strategic investment, injecting ₹9.20 crore into its subsidiary, India International Bullion Holding IFSC Limited (IIBHL). The investment was made via a rights issue, where MCX subscribed to equity shares valued at Re.1 each. This move underscores MCX’s continued confidence and commitment to the growth and expansion of its international bullion holding activities.
Regulatory Approvals Secured
MCX confirmed that the investment has been completed following the receipt of all necessary and applicable approvals. Notably, this includes the crucial clearance from the relevant regulator. This ensures the transaction aligns with all compliance requirements and regulatory frameworks governing such financial undertakings. Further details regarding this investment can be accessed on the company’s official website, www.mcxindia.com.
Source: BSE
