The MCX-SX board met in Mumbai on Friday and has appointed an audit firm to comprehensively audit/review the Exchange since inception.
According to sources, Ernst &Young has been given the mandate.
The board also gave an in-principle approval for a 1:1 rights issue to its shareholders. A statement from the exchange said a meeting with institutional investors on this was slated to be held on January 13.
The board authorised the formation of a team for reviewing and renegotiating the existing contracts and agreements with its vendors and service providers.
The Exchange has applied to SEBI for introducing a new product in the F&O segment, and interest rate futures in the debt segment.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.