* LSE, NYSE may each pick up 5 percent stake in MCX-the Mint
* LSE met MCX but talks still at early stage-source
(Adds comments from source)
MUMBAI/LONDON, Aug 26 (Reuters) - The London Stock Exchange and the New York Stock Exchange Euronext may pick up a 5 percent stake each in MCX Stock Exchange, India's newest bourse, the Mint newspaper said, citing two people close to the development.
The founders of MCX-SX, which aims to be the third national level stock exchange, have to pare their stake by Sept. 15 to comply with regulations, the India-based paper said.
NYSE Euronext and the LSE both declined to comment.
A source familiar with the matter told Reuters the LSE was among the people MCX-SX met, but added the talks were still at an early stage.
MCX-SX has made presentations across the United States, Europe and Asia since mid-July, meeting about 25 foreign investors, including stock exchanges, the Mint reported.
It is unclear how keen the LSE is in taking a stake in the India bourse, after new Chief Executive Xavier Rolet took over from Clara Furse in May.
Back in March, a source told Reuters the LSE was not interested.
MCX-SX officials could not be immediately reached for comment.
Financial Technologies and Multi Commodity Exchange of India Ltd, the two founding firms, have already bought down their combined holding to 70 percent from 100 percent.
MCX-SX is hopeful of getting the regulators approval to start equity trading when it pares its founders ownership to 40 percent, the paper cited an investment banker as saying.
Deutsche Bank, Nomura Financial Advisory, and Antique Capital Markets are advising MCX-SX on the transaction, the paper said. (Reporting by Narayanan Somasundaram and Daisy Ku; Editing by Himani Sarkar and Jon Loades-Carter)