FMC nominates 2 independent directors on MCX's board

Earlier, SBI had withdrawn the nomination of its director on the board of the commodity bourse

India's largest commodity exchange MCX today said the sectoral regulator Forward Market Commission (FMC) has nominated two independent directors on its board.

In a filing to the BSE, MCX said, "FMC has nominated Ravi Kamal Bhargava and Prakash Apte as independent directors on the board of the company for a period up to March 31, 2015."

Earlier this month, State Bank of India (SBI) had withdrawn the nomination of its director on the board of the commodity bourse.

SBI withdrew its nomination as the country's largest bank sold its entire 4.14% stake in MCX through the Open Public Offer (IPO) launched in February.

Shares of the company today fell marginally by 1% to settle at Rs 1,005.45 apiece from its previous close at the BSE.