Latest Coal Controller Organisation of India News & Updates

MCX Receives SEBI Approval for Coal Exchange Venture

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Mumbai, April 20 (IANS) The Multi Commodity Exchange of India Limited (MCX) on Monday said it has received approval from market regulator the Securities and Exchange Board of India (SEBI) to invest in a proposed coal exchange, marking its entry into the segment.The exchange plans to commit capital of up to Rs 100 crore to meet the minimum net worth requirements as per the draft Coal Exchange Rules. The move underscores the commodity exchange’s push to deepen its presence in the energy space an…