Stake sale to keep MCX, FTIL in focus

Our Bureau | Updated on November 24, 2017 Published on April 29, 2014


Shares of MCX and Financial Technologies India Ltd will remain in focus, as the deadline for stake sale ends on Wednesday. The Forward Markets Commission had directed FTIL to reduce its stake in MCX to two per cent from current 26 per cent by April 30. FTIL board is meeting again on May 2 to review the stake sale. FTIL has been declared not 'fit and proper' by the FMC to hold more than two per cent in MCX , following a payment crisis at its subsidiary NSEL.

Published on April 29, 2014
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