Multi Commodity Exchange (MCX), the country’s largest commodity bourse has diluted its stake to 3.4% from the existing 5% in the Dubai Gold and Commodities Exchange (DGCX) through rights issue option. MCX held 10% stake in DGCX when it began operations in 2005 and later reduced it to 5%.
MCX is promoted by Financial Technologies India (FTIL), which currently holds 39% stake in DGCX. FTIL is a co-promoter in Dubai-based bourse.
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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