Upsurge in stocks prompts MCX to revisit listing plan

Financial Technologies (India) (FTIL)-promoted India’s largest commodity bourse Multi Commodity Exchange plans to revisit its plans to list the commex on the bourses after the recent upsurge in the equities markets, which is seen as a positive indication. MCX is planning to file a fresh

MCX to revive IPO plans; may soon file fresh prospectus draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) shortly.

Promoter FTIL is reported to have initiated talks with investment bankers and brokers for tapping the capital market.

Global investors Citigroup and Fidelity are said to be looking to exit MCX, which might have prompted the listing move.