Multi Commodity Exchange Update by Epic Research

Forward Market Commission (FMC) has given its approval to Kotak Mahindra Bank (KMBL) for its proposed acquisition up to 15% of equity share capital of Multi Commodity Exchange of India (MCX). Earlier on August 18, MCX board gave its in-principle approval to KMBL for buying 15% stake for Rs 459 crore. The deal with Kotak was initially announced on July 20 and the transaction price was Rs 600 per share.



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Posted in: Indian Market Tips