MCX-SX verdict may create ripples across financial sector

The landmark judgement by the Bombay High Court, which has upheld an innovative divestment method followed by the MCX Stock Exchange (MCX-SX) to comply with shareholding norms, may have far-reaching impact on various financial sector regulators and entities governed by them. The judgement, has opened possibilities for others who are facing similar regulations across the financial services industry, say legal experts.

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