Multi Commodity Exchange CFO Hemant Vastani resigns

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

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

MCX, in which FTIL holds 26 per cent stake, said in a filing to the Bombay Stock Exchange that it has accepted the CFO's resignation. The exchange did not specify a reason for his resignation.

In October, Jignesh Shah had resigned as Non-Executive Vice Chairman of MCX after sectoral regulator Forward Markets Commission (FMC) issued notice to him and FTIL questioning "fit and proper" 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.