New Delhi : Financial Technologies (FTIL) exited country’s largest commodity exchange MCX by selling its residual 5 per cent stake in the bourse, it had originally promoted, for over Rs 200 crore. In July, Jignesh Shah-led FTIL, the erstwhile promoter of MCX, had announced sale of its 15 per cent stake in MCX to Kotak Mahindra Bank for Rs 459 crore. As per exchange data, SBI Life Insurance has bought over 3 lakh shares in MCX. FTIL originally held a 26% stake in MCX. It had to divest its stake after market regulator FMC declared the company unfit to run any exchange in the wake of
Rs 5,600 crore payment crisis at group company NSEL.
