No exposure to crisis-hit NSEL: MCX

MCX, on Friday, said it had no exposure to crisis-hit NSEL, which had to settle dues worth Rs.5,600 crore to investors after it suspended trading, MCX Managing Director and CEO Shreekant Javalgekar said here.

“MCX and National Spot Exchange Ltd (NSEL) are totally different entities with no financial commitments or exposure to each other whatsoever,” he said in a filing with the BSE.

Multi Commodity Exchange of India Ltd (MCX) and NSEL are group companies of Financial Technologies India Ltd (FTIL).