Marquee names may hold over 50% in MCX-SX

MCX-SX, the stock exchange which was battling survival few months ago, is the only company — and certainly the only unlisted firm in India — in which a string of marquee individual investors have stakes.

They include Rakesh Jhunjhunwala, Viral A Parikh, Nemish S Shah, Kalpraj Dharamshi, Dhanesh Sumatilal Shah, Uday Shah, Madhuri Kela, Renuka Shah and Madhu Vadera Jayakumar, among others. They have made it clear they are not parties acting in concert.

But, as of today, their combined holding is around 45% and with further allotment of warrants (which is expected soon), the combined stake would touch or may even exceed 50%. One wonders what’s next.
It could turn out to be one of the interesting stories of 2015.