Receives SEBI approval to incorporate a new Coal Exchange - Multi Commodity Exchange of India Ltd

Code BSE: 534091 NSE:

MCX receives SEBI approval to incorporate a new Coal Exchange Key details of the venture include: a) Ownership: MCX will initially hold a 100% stake in the subsidiary, with the potential to join hands with strategic partners. b) Investment: A capital commitment of up to ₹100 Crore to comply with minimum net worth requirements as per draft Coal Exchange Rules. c) Market Mechanism: The exchange will provide a transparent, standardized digital platform for the physical delivery of coal at market-driven and robust prices