In a BSE filing, MCX said, "We wish to inform you that SEBI has accorded its approval for appointment of Chengalath Jayaram as a shareholder director on the Board of the company in terms of Regulation 24 (1) of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012."
The Board would co-opt him as a shareholder director in its ensuing board meeting, it said.
MCX, which offers futures trading in commodities, has more than 85 per cent share in the commodity futures market.
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