MCX clarifies on merger talks with NSE

MCX has stated that though it continuously evaluates opportunities to enhance shareholders’ wealth, as of now there is no such information requiring disclosures.

May 25, 2018 12:05 IST India Infoline News Service

Earlier in the day, it was reported that the National Stock Exchange (NSE) and the Multi Commodity Exchange (MCX) are considering a merger ahead of the implementation of the universal exchange framework in October, according to media reports.

However, in a clarification issued to BSE, MCX has denied any such development. The exchange has stated that if and when any proposal is required to be considered by the board of directors, the same shall be informed to the exchanges in full compliance with SEBI regulations, 2015. Further, the company refused to comment on market speculation.

MCX stock has generated significant interest on the streets post the report of merger talks. 

Multi Commodity Exchange of India Ltd ended at Rs818.80 up by Rs99.2 or 13.79% from its previous closing of Rs719.60 on the BSE.

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