MUMBAI, March 7 NYSE Euronext has called
off its plan to raise up to $46 million by selling its 4.8
percent stake in Multi-Commodity Exchange of India (MCX)
, two sources with direct knowledge of the development
said on Thursday.
The deal to sell the transatlantic exchange operator's 2.44
million shares in India's largest commodity bourse to
institutional investors was launched late on Wednesday and was
expected to be executed in stock markets on Thursday morning.
The transaction has been called off for now due to poor
investor response to the pricing of the share sale, one of the
sources said. Both sources declined to be named as they were not
authorised to speak to the media.
NYSE Euronext had said last month it would shed its stake in