The group has started exiting from the exchange business both in India and abroad after commodity markets regulator FMC order in December 2013 declared FTIL and its founder Jignesh Shah as unfit to run any exchanges in view of this scam.
Securities and Exchange Board of India (SEBI) today alleged in the Bombay High Court that MCX-SX Stock Exchange (MCX-SX) had concealed some facts while diluting its equity stake under the "capital reduction cum arrangement".