MCX Stock Exchange, which was supposed to close its rights issue on Friday, has extended the deadline to April 17 on request from shareholders. The exchange, part of the embattled Financial Technologies Group, announced the rights issue on Monday. The issue aims to raise ₹545 crore.

“While shareholders see this as an opportunity to enhance their equity exposure in the exchange at a very attractive price, some banks have sought more time as they are in the process of getting clearances for investment from their boards and the RBI,” said the exchange in a press release.

Hence, the exchange has agreed to extend the period of rights issue by another month, it added. The rights issue of two new shares for every one share held by the existing equity shareholders was priced at ₹5 a share (including premium of ₹4 a share).

The exchange has started receiving funds on account of the rights issue and confirmation of participation from several leading shareholding banks, it said.

MCX-SX has also decided to allot the unsubscribed rights issue portion to new domestic and international investors on preferential basis. Some existing institutional investors have expressed concern over the future of the exchange after the Central Bureau of Investigation last week launched an investigation to ascertain the process involved in granting licence to the exchange despite opposition within SEBI.

Last week, MCX-SX appointed Thomas Mathew T, former chairman of LIC, as Chairman, following GK Pillai, former home secretary putting in his papers a day after the CBI crackdown.

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