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MCX, Reliance Infratel IPOs Cleared; NTPCs Follow-On Offer Rejected

Posted on May 16, 2008

Two high profile initial public offers (IPO) have been cleared by market regulator Securities and Exchange Board of India, while the government has rejected a proposal for the follow on public offer by National Thermal Power Corporation (NTPC). The public offer of India s largest commodity exchange Multi Commodity Exchange of India (MCX) and the one by Reliance Infratel, the tower arm of Reliance Communications, will see the light of day soon.Once it hits the market, MCX would be the country s first exchange to list. Jignesh Shah, CEO and Managing Director of MCX Ltd, said that the exchang...

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