A special audit will look into any pricing anomalies in the transactions between the two, according to a source. FTIL had a contract for helping the exchange with its technology needs.
The audit sought to examine if the deals between FTIL and the exchange had been struck on an arm’s length-basis, to find out if they were priced appropriately.
Financial Technologies was earlier the promoter of MCX-SX and owned a majority stake in the National Spot Exchange Limited, which has been involved in a Rs 5,600-crore (Rs 56-billion) payment crisis.
A spokesperson for MCX-SX said that it had received a query. “I-T has sent a query to us.
“However, there are no transactions between MCX-SX
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