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Corporate News
29-Sep-16
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MCX gets SEBI's No Objection to proposed exercise of option for conversion of warrants of MSEI
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On 28 September 2016
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Multi Commodity Exchange of India announced that SEBI has vide its letter dated 28 September 2016 conveyed their no objection to the proposed exercise of option by MCX to subscribe and hold 26,51,77,600 equity shares of MSEI and MSEI allotting equity shares to MCX in lieu of Warrants held by MCX.
In August, MCX and MESI entered into consent terms to bring quietus to the ongoing litigation in respect of 41,59,17,672 warrants of face value of Re 1 each of MESI held by MCX.
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