Multi Commodity Exchange CFO Hemant Vastani resigns

Feb 20 2014, 19:55 IST
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Multi Commodity Exchange announced the resignation of its Chief Financial Officer Hemant Vastani. Multi Commodity Exchange announced the resignation of its Chief Financial Officer Hemant Vastani.
SummaryEarlier, MCX MD Shreekant Javalgekar had also resigned from company.

Multi Commodity Exchange (MCX) today announced the resignation of its Chief Financial Officer Hemant Vastani.

The resignation comes amid the continuing Rs 5,600 crore payment crisis at the FTIL-promoted National Spot Exchange Ltd (NSEL)

MCX, in which FTIL holds 26 per cent stake, said in a BSE filing that the exchange has accepted the CFO's resignation.

It did not specify a reason for his resignation.

In October, Jignesh Shah had resigned as Non-Executive Vice Chairman of MCX after sectoral regulator FMC issued notice to him and Financial Technologies India Ltd questioning Ďfit and properí status.

Earlier, MCX MD Shreekant Javalgekar had also resigned from company.

In a separate filing, MCX said the Board has approved 10,000 employee stock options (ESOPs) at Rs 516.50 per piece to the exchange's CEO and Managing Director Manoj Vaish.

The company said these stock options will be granted in four instalments.

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