New Delhi : Embattled MCX Stock Exchange may see resignations of its Chairman G K Pillai and other public interest directors today in the wake of CBI launching a probe into the grant of licence to the bourse over five years ago.
The directors on board of the exchange are likely hold an emergency meeting tomorrow, where Pillai and vice chairman Thomas Mathew T may resign, sources told PTI, adding that two other public interest directors (Ashima Goel and D R Dogra) may also do the same.
There are apprehensions that the licence of the exchange, which is already battling low business volumes due to problems at NSEL, can be cancelled if CBI probe finds something detrimental, sources added.
Pillai and these three persons were appointed as public interest directors on MCX-SX after Sebi last year asked the exchange to recast its board and governing structure in the wake of a major payment crisis at NSEL, promoted by the the founders of MCX-SX (Jignesh Shah-led FTIL and MCX group).
Sources said that the board members of the exchange are of the view that CBI enquiry would jeopardise the prospects of MCX-SX and make it difficult to get any strategic investors.