Reserve Bank of India (RBI) has notified that the aggregate share holdings in Multi Commodity Exchange of India (MCX) by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) have gone below the prescribed threshold caution limit stipulated under the extant FDI policy. Therefore the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The central bank further notified that all the approvals received against the said scrip are duly cancelled. Equity shares of MCX can now be purchased through primary market and stock exchanges.
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.
| 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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