Shares of Multi Commodity Exchange (MCX) fell as much as 10% on Friday after the company, late on Wednesday, extended the services of software vendor, 63 Moons Technologies, for six months at a higher cost.
Also read: MCX extends contract with 63 Moons Technologies: What it means for the stock
The commodity exchange renewed the contract for ₹250 crore ($30.48 million) for six months, beginning July 1, compared with ₹81 crore for the first six months of the year.
This is a Premium article available exclusively to our subscribers.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...
You have reached your free article limit. Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...
You have reached your free article limit. Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...
TheHindu Businessline operates by its editorial values to provide you quality journalism.