Financial Technologies soared by over 7% in early trade on the BSE today amid reports that the company's commodity trading platform, Multi Commodity Exchange (MCX), may get listed on the bourses by September this year.
According to media reports, MCX may file a draft red herring prospectus (DRHP) with the regulator by next week and get listed before September-end.
Buoyed by the buzz, shares of Financial Technologies, which holds a 31% stake in MCX, jumped by 7.09% to a one-month-high of Rs 823.75 apiece on the Bombay Stock Exchange.
In a similar fashion, the scrip witnessed a gain of 6.97% to quote at Rs 823.45 on the National Stock Exchange.
Filing a DRHP, which contains company information, with the market regulator Securities and Exchange Board of India (Sebi) for its observations is a prerequisite before a company taps the market to raise capital through a share offer.
Meanwhile, the BSE benchmark Sensex was trading at 18,537.55, up 186.81 points from its previous close, at 1152 hours.
