Kotak Mahindra Bank, one of the leading private sector lenders, today announced that the bank has entered into a share purchase agreement to purchase 76,49,755 equity shares aggregating to 15% equity stake in Multi Commodity Exchange of India (MCX), from Financial Technologies (India), for a consideration of Rs 4.59 billion.

The final closing is subject to certain conditions to be fulfilled including regulatory approvals.

Shares of the bank gained Rs 24.2, or 2.59%, to trade at Rs 959.30. The total volume of shares traded was 40,787 at the BSE (9.38 a.m., Monday).