Leading commodity bourse MCX today said regulator Securities and Exchange Board of India (SEBI) has given approval for appointment of Chengalath Jayaram as a shareholder director on its board.
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.
Disclaimer: No Business Standard Journalist was involved in creation of this content
