UTI Asset Management Company has acquired ₹425 crore worth shares in Multi Commodity Exchange of India via open market transactions on June 29. According to latest reports, UTI Mutual Fund bought 14.65 lakh shares, representing 0.57 percent stake, in MCX India for ₹425.01 crore at a buying price of ₹2,899.23 per share. The transaction was executed on Monday through bulk deal data on the NSE, with details of the sellers not yet ascertained on the National Stock Exchange. Meanwhile, ICICI Prudential Mutual Fund has acquired 4.72 lakh shares (1.54 percent stake) in Pondy Oxides & Chemicals at ₹1,270 per share, valued at ₹59.94 crore. The promoter Manju Bansal sold 9 lakh shares (2.94 percent stake) in the aluminum company for ₹114.32 crore at ₹1,270.27 per share.
The stake acquisition comes as MCX India delivered exceptional financial results for Q4FY26, with net profit jumping 291% year-over-year to ₹530 crore compared to ₹135 crore in Q4FY25, achieving a net profit margin of 57%. The company's consolidated revenue from operations reached ₹889 crore in Q4FY26, representing a 205% increase from ₹291 crore in Q4FY25. Total income climbed 189% to ₹925 crore, while EBITDA surged 271% to ₹703 crore with EBITDA margin expanding to 76% compared to 59% in Q4FY25. For the full fiscal year FY26, MCX India posted revenue from operations of ₹2,302 crore, rising 107% from ₹1,113 crore in FY25, with total income climbing 101% to ₹2,429 crore. Last month, MCX reported that its March quarter FY26 profit was almost four times higher at ₹530 crore as compared to the year-ago period.
MCX India shares have reacted negatively to the transaction, falling nearly 2% to trade at ₹2,868.90 apiece on the NSE following the stake acquisition. The stock has delivered more than 30.43% returns in the past six months and surged 62.40% over the previous 12 months, though recent trading reflects investor caution. Pondy Oxides & Chemicals shares might have reacted to the promoter stake sale, falling 1 percent to ₹1,304.4 on the National Stock Exchange. Ramco Systems shares zoomed 11.75 percent to ₹793.2, the highest closing level since May 2016, with significantly higher trading volume.
UTI Mutual Fund (UTI AMC) is among India's largest asset managers, with group assets under Management (AUM) of ₹23.42 lakh crore. The company manages UTI Mutual Fund, which had a quarterly average AUM of ₹3.88 lakh crore. UTI AMC is backed by four major PSU banks (State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India) and T. Rowe Price. The fund house holds a 4.76% market share in the Indian mutual fund space and holds a 24.36% market share in the National Pension System (NPS) Industry AUM. The company's institutional backing provides strong credibility for its significant market transactions.
MCX, which commenced operations in 2003, commands more than 98% market share in terms of the value of commodity futures contracts traded during FY26. This dominant position in India's commodity derivatives market provides strong fundamentals for continued growth. The exchange's exceptional financial performance, with revenue tripling and profit increasing four-fold, demonstrates the strength of India's commodity trading ecosystem and MCX's market leadership position in the sector.
