Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has entered into a Share Purchase Agreement (SPA) on July 20, 2014, to purchase 76,49,755 equity shares aggregating to 15% equity stake in Multi Commodity Exchange of India (MCX), from Financial Technologies (India), for a consideration of Rs 459 crore. The final closing is subject to certain conditions to be fulfilled including regulatory approvals.

Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.