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.
| 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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