Financial Technologies - ICICI, IL&FS, Kotak groups take equity in Multi Commodity Exchange (MCX)

Financial Technologies India Ltd has informed that ICICI, IL&FS, Kotak groups - India's leading financial service & banking conglomerates have acquired 3.55%, 5%, 1% equity stake respectively in Multi Commodity Exchange of India Ltd. (MCX), the country's biggest commodity exchange, from Financial Technologies at an enterprise valuation of USD 1 — 1.1 billion.

Mr. Jignesh Shah, Managing Director & CEO, MCX, said, "This milestone is a testimony of the quality of the institute we have built, in and from India where the global and domestic best have converged."

Some of the other shareholders in MCX include Merrill Lynch, Citigroup, Fidelity
International, State Bank of India, State Bank of Hyderabad, State Bank of Indore, State
Bank of Saurashtra, State Bank of Patiala, State Bank of Travancore, State Bank of
Mysore, State Bank of Bikaner & Jaipur, SBI Life Insurance Co Ltd., HDFC Bank, National Stock Exchange, NABARD, Canara Bank, Bank of India, Union Bank of India, Bank of Baroda and Corporation Bank.