Jhunjhunwala buys 2% of MCX from Financial Technologies

MUMBAI : – Jignesh Shah-promoted Financial Technologies India Ltd sold 1 mln shares of Multi Commodity Exchange of India Ltd to investor Rakesh Jhunjhunwala at 664.00 rupees each through the open market. According to the National Stock Exchange, Financial Technologies sold 1.019 mln shares of MCX at 664.00 rupees, of which Jhunjhunwala bought 1 mln shares, representing about 2% stake in the MCX. Financial Technologies, which is caught up in allegations of systematic rogue trading in another of its exchanges, has been ordered to reduce its shareholding in the MCX from 26% to less than 2% the Forward Markets Commission.