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Kotak Mahindra to buy 15% in MCX | Just a Mint

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Kotak Mahindra Bank is set to pick up a 15% stake in Multi Commodity Exchange of India from Financial Technologies India Limited. The deal is valued at Rs. 459 crore and is subject to approval from market regulator SEBI. FTIL’s latest agreement to sell stake will reduce its shareholding in MCX to 5%.