Press Trust of India / Mumbai Aug 18, 2010, 11:28 IST
Indiabulls Finacial Services today zoomed by nearly 6 per cent on the Bombay Stock Exchange amid reports that the company is close to selling its 26 per cent stake in Indian Commodity Exchange (ICEX) to an ADAG firm.
Shares of the financial services provider soared 5.6 per cent to hit an early high of Rs 162 on BSE.
The scrip witnessed a similar move on the National Stock Exchanged where it jumped 9.14 per cent to trade at Rs 166.50.
Meanwhile, the broader gauge Sensex was also firm at 18.146.28 points, up 0.54 per cent from previous close.
According to a media report, Indiabulls Financial Services, which holds 40 per cent in Indian Commodity Exchange is close to selling 26 per cent of its stake to an Anil Ambani group firm.
However, the financial details of the deal, which is close to finalisation, could not be confirmed, the report added.
This deal, if happens, will be ADAG's second foray in the commodity exchanges. Earlier, Anil Ambani-led Reliance Money had acquired 10 per cent stake in the National Multi Commodity Exchange.
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Indiabulls Finacial Services today zoomed by nearly 6 per cent on the Bombay Stock Exchange amid reports that the company is close to selling its 26 per cent stake in Indian Commodity Exchange (ICEX) to an ADAG firm.
