Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

MCX Gains; Kotak Mahindra Bank Agrees To Buy Stake

Photo Credit :

Shares in Multi Commodity Exchange of India surged on Monday (21 July). Private sector lender Kotak Mahindra Bankagreed to buy a 15 per cent stake in the company for Rs 4.59 billion ($76.1 million), the bank said in a statement late on Sunday (20 July).

Kotak will purchase the stake from bourse operator Financial Technologies (India) Ltd and the deal is subject to regulatory approvals, the statement said.

(Reuters)

 


Tags assigned to this article:
news 3 mcx kotak mahindra financial technologies