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MCX surges as FTIL looks set to relinquish control

Shares in the Multi Commodity Exchange of India Ltd (MCX) jumped over 10% Wednesday after it emerged its key shareholder Financial Technologies India Limited (FTIL) has been asked by the Forward Markets Committee (FMC) to reduce its stake from 26 percent to 2 percent.

first published: Dec 18, 2013 10:05 am

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