MCX says CEO Manoj Vaish resigns

MUMBAI Thu May 1, 2014 1:44pm IST

A staff member walks past the MCX-SX logo at their Exchange Square building in Mumbai February 11, 2013. REUTERS/Vivek Prakash/files

A staff member walks past the MCX-SX logo at their Exchange Square building in Mumbai February 11, 2013.

Credit: Reuters/Vivek Prakash/files

Related Topics

Stocks

   

MUMBAI (Reuters) - Multi-Commodity Exchange of India Ltd (MCX)(MCEI.NS) on Thursday said Managing Director and Chief Executive Manoj Vaish has resigned after just three months in office citing health reasons.

Vaish, who took charge on Feb. 1, resigned from both posts and will work with the exchange's board to ensure a smooth transition to his successor, MCX said in a statement.

MCX's largest shareholder, Financial Technologies (India) Ltd (FITE.NS), is in the process of selling its 26 percent stake after the commodities regulator last year ruled MCX was not "fit and proper" to run a bourse.

(Reporting by Himank Sharma and Zeba Siddiqui; Editing by Christopher Cushing)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Sino-Indian Ties

REUTERS SHOWCASE

Eyeing Stocks

Eyeing Stocks

Interview - EPFO chief urges green light to buy stocks  Full Article 

Stimulus Reports

Stimulus Reports

China cenbank injects $81 bln into major banks to support economy - reports  Full Article 

Monsoon Update

Monsoon Update

Delayed retreat of monsoon rains to start this weekend  Full Article 

Fed Policy Meeting

Fed Policy Meeting

Fed could hint on rate-hike plans as it prepares for policy turn  Full Article 

Grim Outlook

Grim Outlook

Sony deepens loss estimate on struggling smartphone business  Full Article 

Sugar Surplus

Sugar Surplus

India to produce surplus sugar for fifth straight year - industry body  Full Article 

Business Sentiment

Business Sentiment

China, Singapore slowdown weigh on Q3 Asia business sentiment   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage