Multi Commodity Exchange of India Limited and PESB Limited resolve dispute

The dispute between Multi Commodity Exchange of India Limited ("MCX") and PESB Limited ("PESB"), a UK based vendor engaged for developing spot platform, pending before Singapore International Arbitration Centre ("SIAC") since January 2021 has been amicably settled and closed on the payment of amount equivalent to outstanding invoices. The closure of the matter is confirmed by SIAC vide its email dated December 21, 2021.

Shares of Multi Commodity Exchange of India Limited was last trading in BSE at Rs. 1555.10 as compared to the previous close of Rs. 1554.85. The total number of shares traded during the day was 35448 in over 3535 trades.

The stock hit an intraday high of Rs. 1595.95 and intraday low of 1540.35. The net turnover during the day was Rs. 55782573.00.

Source : Equity Bulls

Keywords

MultiCommodityExchangeofIndia INE745G01035 MCX PESB DisputeResolved