Multi Commodity Exchange of India Ltd (MCX) has postponed its initial public offering (IPO) for the time being. MCX, a unit of Financial Technologies India Ltd, had filed an offer document with SEBI in February.
According to Joseph Massey, managing director "Taking into consideration the market scenario and the advice of the merchant bankers to defer the issue, MCX has decided to postpone its IPO for the present".
According to Joseph Massey, managing director "Taking into consideration the market scenario and the advice of the merchant bankers to defer the issue, MCX has decided to postpone its IPO for the present".
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