Multi Commodity Exchange falls 10% after extending IT contract at higher cost
The commodity exchange renewed the contract for 2.50 billion rupees ($30.48 million) for six months, beginning July 1, compared with 810 million rupees for the first six months of the year.
MCX shares fell as much as 10% on Friday after the company, late on Wednesday, extended the services of software vendor 63 Moons Technologies for six months at a higher cost. (File image)
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Shares of Multi Commodity Exchange of India fell as much as 10% on Friday after the company, late on Wednesday, extended the services of software vendor 63 Moons Technologies for six months at a higher cost.
The commodity exchange renewed the contract for 2.50 billion rupees ($30.48 million) for six months, beginning July 1, compared with 810 million rupees for the first six months of the year.
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