MSE raises Rs 209 crore, ties up additional funding of Rs 95 crore

Metropolitan Stock Exchange of India ( MSE) has announced that it has raised Rs 209 crore in just over a span of one year and has tied up further funding of Rs 95 crore with few large investors and merchant bankers.

With this, the liquid net worth of its clearing corporation subsidiary Metropolitan Clearing Corporation will be Rs 300 crore, meeting the regulator's securities contracts requirements, according to the statement.

Last July the exchange had raised Rs 97 crore from existing investors like IL&FS, Trust Capital, Rosy Blue Securities, Radhakrishan Damani and Rakesh Jhunjhunwala.