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Bombay Bullion Association to buy 5% stake in MCX

02 Jan 2014 Evaluate

Bombay Bullion Association is planning to buy 5% stake in Multi Commodity Exchange of India (MCX) along with a consortium that plans to bid for a controlling stake in the exchange. This move comes on MCX board having directed the exchange’s promoter Financial Technologies (FT) to cut its stake to 2% from 26% last month.

Moreover, Universal Commodity Exchange (UCX) is also in talks to acquire Financial Technologies’ stake in Multi Commodity Exchange of India (MCX).

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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