Outgoing MCX Managing Director and Chief Executive Officer Manoj Vaish met FMC officials and discussed the divestment progress, an MCX official said here, without giving details.
The FMC wanted to take a view and decision on MCX's compliance status on implementing the 'fit and proper' order against Financial Technologies (India) Ltd (FTIL) as well as actions taken on the PwC audit report on the exchange.
FMC arranged the meeting after efforts by FTIL, promoted by entrepreneur Jignesh Shah, to sell a 24 per cent stake in MCX appeared to have hit a temporary road block, with potential bidders, including Reliance Capital, demanding that the findings of the PwC audit be shared with them.
Reliance Capital, which is looking at buying a stake in MCX, has also asked the FMC to annul all agreements between the bourse and FTIL.
The FMC had asked MCX to take concrete steps to ensure that FTIL reduces its stake to 2 per cent in the exchange. Although FTIL set up MCX, it no longer controls the exchange after the FMC's order.