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MCX gets FMC’s approval for acquisition of shares by Axis and Reliance Mutual Fund

27 Feb 2015 Evaluate

Multi Commodity Exchange of India (MCX) has received commodity markets regulator -- Forward Markets Commission’s (FMC) – approval for acquisition of up to 5% of the equity share capital in the company by Axis Mutual Fund and Reliance Mutual Fund. According to the shareholding pattern, Reliance Mutual Fund had 2.16 percent and Axis Mutual Fund had 1.95 per cent stake in MCX as on December 31, 2014. Both the funds had separately approached FMC, seeking approval to raise their stake in MCX, as per the revised shareholding norms issued by the Commission in May last year.

MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.

Multi Commodity Exch Share Price

2855.45 -4.65 (-0.16%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Motilal Oswal Fin 815.95
Angel One 323.35
IIFL Capital Service 313.40
Nuvama Wealth 1403.20
Share India Sec. 147.05
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