A senior MSEI official told dna, "We spend Rs 20 crore per annum on technology which is very high as compared to other exchanges. The exchange official told dna, "We will put a full-stop to all engagement with FTIL, but with mutual understanding." The exchange official said, "We are in talks with Tata consultancy services, HCL Tech and Bloomberg for technology pact. MCX sources told dna, "We will participate in the right issue but we will not use fresh money in participating in right issue. MCX's shareholding in MSEI will increase from 3.99% to 15% after the right issue.

Source: dna September 08, 2016 01:41 UTC