MCX

MCX seeks exemption from divesting stake in MCX-SX

MCXNew Delhi : Commodity bourse MCX on Wednesday said it has written to Sebi seeking exemption from divesting its entire stake in stock exchange MCX-SX saying the company is no longer acting in concert with erstwhile promoter Financial Technologies.

In the wake of Rs 5,600 crore payment crisis at National Spot Exchange Ltd (NSEL), promoted by Jignesh Shah-led Financial Technologies (India) Ltd, Sebi had directed MCX to divest its stake in MCX-SX as well as MCX-SX Clearing Corporation Ltd.

MCX stocks surge 8% on stake sale to Kotak Mahindra

MCX stocks surge 8% on stake sale to Kotak MahindraMumbai: Shares of Multi Commodity Exchange of India Monday settled nearly 8 percent higher after Jignesh Shah-led FTIL signed an agreement to sell 15 percent stake in MCX to Kotak Mahindra Bank for Rs 459 crore.

MCX's shares zoomed 7.90 percent to close the day at Rs 848.35 after rising 13.83 percent to Rs 895 -- its 52-week high at the BSE in intra-day trade.

On the NSE, shares of MCX ended 7.91 percent higher at Rs 848.70.

FTIL's scrip climbed 2.11 percent to close at Rs 273 on the BSE.

MCX-SE extends deadline for its rights issue to April 17

MCX-SE extends deadline for its rights issue to April 17MCX Stock Exchange (MCX-SE) has extended the deadline for its rights issue, which aims to raise Rs 545 crore, to April 17 on request from shareholders.

The rights issue was announced on last Monday, and was supposed to close on Friday, March 21. The commodity exchange said it extended the deadline as some banks had sought more time because they were in the process of obtaining clearances for the investment from their boards and the Reserve Bank of India (RBI).

Former LIC chief Thomas Mathew T. replaces GK Pillai as MCX-SX chairman

Former LIC chief Thomas Mathew T. replaces GK Pillai as MCX-SX chairmanBeleaguered stock exchange MCX-SX on Friday named former Life Insurance Corporation (LIC) Chairman Thomas Mathew T. as its new chairman.

MCX-SX refutes reports of its board members quitting

MCX-SX refutes reports of its board members quittingMCX-SX, the currency & equity trading platform of MCX, has refuted the recent reports of its board members quitting, and stressed that its upcoming board is not an 'emergency' meeting.

In an early morning release today, MCX-SX terms termed media reports that claimed some of its board members are quitting as 'speculative and pre-emptive.' It also claimed that its board meeting, which is scheduled to take place later today, was planned nearly a month ago.

FTIL threatens legal action after MCX caps its voting rights

FTIL threatens legal action after MCX caps its voting rightsFinancial Technologies (India) Limited (FTIL) has threatened the Multi-Commodity Exchange (MCX) that it could tale a legal action against the latter's move of capping its voting rights at 2 per cent.

Last Friday, the board of directors of MCX capped FTIL's voting rights at 2 per cent with immediate effect, declaring that any holding of FTIL in excess of 2 per cent would not be considered while voting on a resolution. At present, FTIL owns 26 per cent stake in MCX.

MCX-SX debuts, competition among stock exchanges intensifies

MCX-SX debuts, competition among stock exchanges intensifiesMCX Stock Exchange (MCX-SX) finally became live on Monday, a development that is expected to intensify competition among stock exchanges to take hold of volumes.

MCX-SX launched its benchmark index, dubbed SX40, to take on well-established players - the Sensex and the Nifty.

Announcing the launch of the new stock exchange, Union Finance Minister P Chidambaram said the new entrant have to face competition from the existing exchanges. He also wished good luck to the new as well as existing exchanges.

MCX SX application rejected by watchdog

SEBI-MCXThe application submitted by MCX Stock Exchange Ltd to start its own equity stock exchange has been rejected by the market watchdog, The Securities and Exchange Board of India (SEBI).

In a statement that was published by the regulator's website, "The concentration of economic interest in a recognized stock exchange in the hands of two promoters [founders] is not in the interest of a well-regulated securities market."

MCX unhappy with SEBI's working methods

Jignesh-ShahJignesh Shah is not happy with the way market regulator, SEBI has been giving clearances and he was ready to make his feelings public.

Shah said that despite having met all the norms set by SEBI, MCX Stock Exchange has not been given any kind of clearance from it.

MCX signs MOU with Tata Power

MCX signs MOU with Tata PowerTata Power, leading India-based major Integrated Power Utility has announced that it has inked Memorandum of Understanding (MoU) with Multi Commodity Exchange (MCX).

MCX is India's leading commodity exchange. The sources informed that through this tie-up, the benefit of futures price information will be dispersed to more than 2000 farmers spread across 25 villages of Maharashtra where Tata Power has located its project as well as Corporate Social Responsibility (CSR) activity.




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content