When did MCX's stock split take effect?

The MCX stock split took effect and began trading adjusted on Friday, January 2.

Who is eligible for the MCX stock split?

Shareholders who had MCX shares in their demat account by Thursday's closing were eligible.

What is the current shareholding structure of MCX?

Mutual Funds hold over 37% stake, Kotak Mahindra Bank has 15%, and retail shareholders own 15.3%.

Home / Business and Economy / MCX Share Split Starts Today: What Investors Need to Know

MCX Share Split Starts Today: What Investors Need to Know

2 Jan

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Summary

MCX stock split from 1 share of ₹10 to 5 shares of ₹2 begins Friday, Jan 2.
Shareholders as of Thursday's close are eligible for the 1:5 stock split.
Mutual Funds hold over 37% stake; Kotak Mahindra Bank owns 15%.

MCX Share Split Starts Today: What Investors Need to Know

Effective Friday, January 2, Multi Commodity Exchange (MCX) shares commenced trading on a split-adjusted basis. This historic event marks MCX's first stock split, converting each ₹10 share into five distinct shares, each with a face value of ₹2. The adjustment aims to enhance share affordability.

Shareholders who held MCX stock in their demat accounts by the close of trading on Thursday, January 1, are beneficiaries of this 1:5 stock split. Those acquiring shares on or after January 2 are not included. The split increases the number of shares while maintaining the overall market value.

As of the September quarter, MCX had no promoter shareholding. Mutual Funds represent a significant portion of public ownership with over 37%, while Kotak Mahindra Bank holds a substantial 15% stake. The exchange also serves over 2.4 lakh retail shareholders.