After a weak opening, shares of the company further lost 6.17 percent to Rs 78.20 on BSE.
CBI today arrested promoter of FTIL and commodity bourse MCX Jignesh Shah in a case of alleged cheating and suppression of facts in getting SEBI extension to MCX-SX to continue as a private stock exchange in violation of norms.
The court also restrained MSEI, formerly known as MCX Stock Exchange, from appropriating or dealing with the deposits of MCX placed with it, until it disposes the case filed by the commodity bourse against the stock exchange, Justice Gautam Patel ruled in an order dated July 9.
The warrants were sold at Rs 2.50 per piece. The sale is subject to "applicable provision with respect to ownership of stock exchanges under Securities Contracts (Regulations) (Stock Exchanges and Clearing Corporations) Regulations, 2012," the filing noted.
MCX-SX MD and CEO Saurabh Sarkar says the exchange is looking to raise funds of nearly Rs 300 crore in the next few months.
Financial Technologies on Tuesday inked a pact with ace investor Rakesh Jhunjhunwala, financial major Edelweiss and others to sell its entire five percent stake in MCX-SX stock exchange for Rs 88.41 crore.
After a board meeting, the MCX Stock Exchange (MCX-SX) announced that FTIL and MCX have been re-classified from the category of promoter shareholder to public shareholder.
Hearing an appeal against the market regulator's denial of information sought through RTI (Right to Information) Act, the Appellate Authority has ruled the process relating to grant of recognition of MCX-SX in 2008 has been completed.
Earlier this month, MCX-SX board had also "accorded its in-principle approval to make a 1:1 rights issue to existing shareholders."
MCX Stock Exchange Limited or MCX-SX, on Thursday commenced its listing services on the capital market segment of the exchange, with Dabur India being the first to come on board. To compete in a market largely dominated by NSE, the exchange is offering benefits such as no processind or listing fees to attract investors.
MCX Stock Exchange (MCX-SX) will introduce trading in futures and options on its flagship index SX40 from May 15, 2013. SX40 is a free float-based index of 40 large cap and liquid stocks, representing diverse sectors of the economy.
MCX Stock Exchange (MCX-SX) said it would introduce incentive schemes for brokers and intermediaries to enhance liquidity in illiquid securities in the equity and derivatives segments from next month.
Shares in Multi Commodity Exchange of India and Financial Technologies which owns 26 percent in MCX, gain after the company said in a statement it has received the final go-ahead from the markets regulator Securities and Exchange Board of India (SEBI) for starting operations in MCX Stock Exchange.
Financial Technologies (FTIL) gained as much as 3.6 percent to touch an intraday high of Rs 1,119.80 on Thursday as its promoted company MCX Stock Exchange (MCX-SX) has received the final go-ahead from the financial markets regulator Securities and Exchange Board of India (SEBI) for going live in new product segments
MCX-SX sets a world record by signing up 700 members, the highest by any exchange before going live
Gearing up to begin operations as a full-fledged stock exchange, MCX-SX will announce the number of its members on Monday.
MCX Stock Exchange which will kickstart its equity segment by Diwali today announced that it would form state level advisory boards in each state for higher financial inclusion and literacy.
MCX Stock Exchange aims to formally start stocks trading around the Diwali festival in mid-November, chief executive Joseph Massey said on Monday, in its quest to become the country's third major equities market.
MCX Stock Exchange (MCX-SX) today said it will launch live trading in Currency Options in dollar-rupee pair from tomorrow.
The MCX Stock Exchange (MCX-SX) has received approval from the market regulator and central bank to launch currency options on its platform, the exchange said on Sunday.
The Security and Exchange Board (Sebi) today gave a conditional extension to MCX Stock Exchange (effective tomorrow) to continue currency trading, but asked it to explain why the same should be given during the pendency of the case in Bombay High Court.
MCX Stock Exchange today welcomed a decision by its rival bourse National Stock Exchange (NSE) to levy a charge for currency derivatives market.
The Bombay High Court today asked SEBI whether it would accept an undertaking from the promoters of MCX Stock Exchange (MCX-SX) that they would maintain their equity holding at 5% and not exercise the option of converting warrants into equity.