UPDATE 1-LSE, NYSE Euronext eye Indian bourse stake-report

* LSE, NYSE may each pick up 5 pct 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 (LSE.L: Quote, Profile, Research) and the New York Stock Exchange Euronext (NYX.N: Quote, Profile, Research) 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.