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.