MUMBAI :  MCX Stock Exchange Ltd’s promoters Financial Technologies (India) Ltd and Multi Commodity Exchange Ltd may seek more time to cut their stake in the stock exchange, a source told Cogencis.

Both Financial Technologies and Multi Commodity Exchange hold 5% stake each in the bourse, as on Sep 30 and Sebi has ordered them to reduce their stake to 2.5% each by January end, according to reports. Alternatively, both the promoters may ask SEBI to cap their voting rights in MCX-SX or refrain from participating in the upcoming rights issue of MCX-SX shares, the source said.            –Cogencis

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