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SEBI relaxes norms for FTIL to divest stake in MCX

Last Updated: Monday, July 21, 2014, 22:30

To facilitate divestment by erstwhile promoters of MCX, SEBI has relaxed lock in period for such stake sale in the commodity bourse.

MCX stocks surge 8% on stake sale to Kotak Mahindra

Last Updated: Monday, July 21, 2014, 17:54

Shares of Multi Commodity Exchange of India Monday settled nearly 8 percent higher after Jignesh Shah-led FTIL signed an agreement to sell 15 percent stake in MCX to Kotak Mahindra Bank for Rs 459 crore.

Kotak Mahindra Bank believes in long-term franchise of MCX: Paul Parambi

Last Updated: Monday, July 21, 2014, 13:09

The bank on Sunday said it has entered into a Share Purchase Agreement to purchase 15 percent equity stake in MCX from FTIL for a consideration of Rs 459 crore.

FTIL to sell 15% stake in MCX to Kotak Bank for Rs 459 cr

Last Updated: Sunday, July 20, 2014, 22:31

Jignesh Shah-led Financial Technologies on Sunday said it has signed an agreement to sell 15 percent stake in MCX to Kotak Mahindra Bank for Rs 459 crore.

Gold price falls by Rs 44 to Rs 28,155 per 10 gm in futures trade

Last Updated: Friday, July 18, 2014, 11:55

Gold prices fell by Rs 44 to Rs 28,155 per 10 grams in futures trade Friday as speculators trimmed positions, tracking a weak global trend.

FTIL sells MCX 4% stake for Rs 154cr; holding drops to 20%

Last Updated: Wednesday, July 16, 2014, 20:03

Financial Technologies on Wednesday offloaded four percent stake in MCX for about Rs 154 crore, bringing down its shareholding to 20 percent.

SAT dismisses FTIL plea against Sebi order declaring it unfit

Last Updated: Wednesday, July 09, 2014, 12:44

The SAT Wednesday dismissed Jignesh Shah- promoted Financial Technologies' (FTIL) plea against a Sebi order declaring it unfit to own stakes in market infrastructure institutions, stating that decisions by financial market regulators have bearing on each other.

MCX shares gain 6 pc as Jhunjhunwala buys stake

Last Updated: Wednesday, July 09, 2014, 12:33

Shares of Multi Commodity Exchange of India Wednesday jumped 6 percent after ace investor Rakesh Jhunjhunwala purchased nearly two percent stake in the commodity bourse for over Rs 66 crore.

Gold price slips below Rs 27,500 level in futures trade

Last Updated: Monday, July 07, 2014, 11:11

Gold prices fell by Rs 58 to Rs 27,499 per 10 grams in futures trade Monday as speculators trimmed positions amid a weak trend overseas.

Gold price weakens by Rs 82 in futures trade

Last Updated: Thursday, July 03, 2014, 11:52

Gold prices fell by Rs 82 to Rs 27,581 per 10 grams in futures trade Thursday amidst a weak trend overseas and profit-booking by speculators.

Jignesh Shah files fresh bail plea in HC

Last Updated: Sunday, June 29, 2014, 19:39

MCX promoter Jignesh Shah, held in the Rs 5,000 crore NSEL scam, has filed a petition in the Bombay High Court challenging an order of a special court refusing to grant him bail.

Gold price falls for 3rd day, hovering around Rs 27,650 in futures trade

Last Updated: Wednesday, June 25, 2014, 12:49

Gold for delivery in August declined by Rs 94, or 0.34 percent, to Rs 27,637 per ten gram Wednesday in business turnover of 1,950 lots.