In a clarification to stock exchanges, MCX said, “As a matter of policy, we do not comment on market rumours.” Saurabh Sarkar, MD & CEO, MSEI, could not be reached for a comment. MCX also holds warrants in MSEI, which, if converted, increases its stake in the latter by 32.32%. It has to divest these warrants to comply with Sebi’s 5% shareholding norm by mid-June. It is learnt that MCX has written to Sebi asking for a three month extension to divest the warrants alongside the letter seeking permission to raise its stake in MSEI.
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