 "MCX gains as CCI clears Kotak's 15% stake buy")
Multi Commodity Exchange (MCX) is trading higher by 3% at Rs 846 on reports that the Competition Commission of India (CCI) has cleared Kotak Mahindra Bank's proposed Rs 459 crore deal to acquire 15% stake in commodity bourse.
According to the CCI the proposed deal “is not likely to have an appreciable adverse effect on competition in India,” the PTI report suggests.
Meanwhile, the Securities and Exchange Board of India (Sebi) on Monday renewed MCX stock exchange (MCX-SX) license for a tenure of one year with caveats.
The stock opened at Rs 834 and touched a high of Rs 852 on National Stock Exchange. A combined around 410,000 shares changed hands in the counter so far on the NSE and BSE.
According to the CCI the proposed deal “is not likely to have an appreciable adverse effect on competition in India,” the PTI report suggests.
Meanwhile, the Securities and Exchange Board of India (Sebi) on Monday renewed MCX stock exchange (MCX-SX) license for a tenure of one year with caveats.
The stock opened at Rs 834 and touched a high of Rs 852 on National Stock Exchange. A combined around 410,000 shares changed hands in the counter so far on the NSE and BSE.