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UCX in talks to acquire FT’s stake in MCX: Report

31 Dec 2013 Evaluate

Universal Commodity Exchange (UCX) is reportedly in talks to acquire Financial Technologies’ stake in Multi Commodity Exchange of India (MCX). In this regard, the UCX is in primary discussion with 2-3 foreign Institutional Investors (FIIs).

The deal size is likely to be pegged around Rs 600 -700 crore. At present, Financial Technologies hold 26% stake in MCX.

Recently, Multi Commodity Exchange of India’s (MCX) board asked promoter Financial Technologies India (FTIL) to reduce its stake to 2%, in accordance with the regulator’s order.

UCX is the sixth commodity exchange opened in April 2013. It is a joint initiative by institutions such as IDBI Bank, Indian Farmers Fertiliser Cooperative (IFFCO), National Bank for Agriculture and Rural Development (NABARD), Rural Electrification Corp. (REC) and COMMEX Technology.

Multi Commodity Exch Share Price

2766.45 98.25 (3.68%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Motilal Oswal Fin 757.10
Angel One 280.70
IIFL Capital Service 282.55
Nuvama Wealth 1296.30
Share India Sec. 143.10
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