Shares of the Multi Commodity Exchange of India Limited surged more than 3% in today’s trading session after CNBC-TV18 reported quoting sources that SEBI’s tech advisory has approved shift to new tech platform.
SEBI earlier directed MCX to temporarily halt the launch of its new platform a day ahead of the actual planned launch. This move came in response to a petition filed by CFMA in the Madras High Court, contesting the transition to the upgraded system.
It is believed that the SEBI Technology Advisory Panel has granted approval for the platform switch, possibly during its recent meeting, reported CNBC-TV18 quoting sources.
At 2:10 IST, shares of MCX were trading higher by 3.20% or ₹62.35, at ₹2011.60.
