State-run trading company MMTC does a rethink, to retain equity in ICEX

State run trading company MMTC Ltd has done a rethink on its equity status in the Indian Commodity Exchange Ltd (ICEX).

MMTC had decided to offload its residual 9.5 per cent stake last year, marking its complete exit from the bourse. The exchange is a public private partnership with Reliance Exchange Next Ltd, MMTC, Indiabulls Housing Finance Ltd, Indian Potash Ltd, Kribhco and IDFC Bank as the major shareholders. 

MMTC's previous decision to pull out of ICEX stemmed from its lacklustre performance. The commodity exchange did not take off in a big way and trading was suspended for three years.