Shares of Financial Technologies India Ltd (FTIL) and MCX will remain the centre of attraction at the bourses this week, after FMC indicted Financial Technologies (India) Ltd , promoter of Multi Commodity Exchange of India Ltd (MCX) in the National Spot Exchange scam.
Following this, MCX has called a board meeting on December 26 to cut the promoter’s stake from 26 per cent to 2 per cent. FTIL informed stock exchanges that the company is examining the FMC order and would take “appropriate steps” in due course of time. Meanwhile, SEBI has issued a show-cause notice to FTIL, for which it has time till December 26 to reply.
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.