02 Jan 08 MCX IPO plans denied by Financial Technologies

Financial Technologies which is the majority shareholder in the Multi Commodity Exchange of India Ltd (MCX), a leading Indian commodities trading exchange, has denied rumours of MCX IPO in the near future. Rumours of MCX IPO opening for subscription were reported in various leading online portals. However, Financial Technologies has clarified today that there are no immediate plans for the MCX IPO. Seems like MCX IPO is another case of gross misinformation propagated by the Indian press.

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