Comments
Bidders for Financial Technologies’ 24 per cent stake in Multi Commodity Exchange of India have not submitted binding bids, said FTIL in an exchange filing. Bidders have requested for the full report of the special audit submitted by PwC to the exchanges as only the executive summary of the audit report had been released a few days ago, said the statement. FTIL’s merchant bankers have forwarded the bidders’ request to MCX and as a result the FTIL Board has decided to meet yet again on May 10 to review the progress of divestment of 24 per cent as it could not deliberate on the final bidder in its meeting on May 2.
Comments
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.