MCX Stock Exchange gets new CEO Saurabh Sarkar, shareholders to infuse fresh capital

Jan 03 2014, 22:35 IST
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MCX Stock Exchange appointed Saurabh Sarkar as CEO and announced plans for fresh capital infusion by its existing shareholders. Reuters MCX Stock Exchange appointed Saurabh Sarkar as CEO and announced plans for fresh capital infusion by its existing shareholders. Reuters
SummaryMCX Stock Exchange said that market regulator Sebi has approved the appointment of a new MD and CEO.

finalised the terms of reference for the same.

The Exchange has also applied to Sebi for introduction of a new product in the F&O Segment and also for introduction of Interest Rate Futures in the currency derivative segment.

According to the exchange, its newly appointed Chairman G K Pillai said that various cost rationalisation measures, proposed capital infusion plans and expected pickup in growth of business volumes would help MCX-SX record "good business growth and stability".

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