The Multi Commodity Exchange of India (MCX) and Mjunction Services have agreed to enter into a Memorandum of Understanding (MOU), with the objective to jointly explore the business opportunity and capitalize on the synergies of the two companies by setting up a Joint Venture for running a Coal Exchange.
The feasibility study shall be conducted to evaluate the viability of the opportunity. The findings shall lay the groundwork for potential future agreement between both the companies for setting up a Coal Exchange in India, subject to necessary regulatory approvals.
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 |
| View more.. | |
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