Refile: India's Multi Commodity Exchange falls 10% after extending IT contract at higher cost

63 Moons Technologies

30/06/2023 05:06

(Corrects media packaging code)
       BENGALURU, June 30 (Reuters) - Shares of Multi Commodity
Exchange of India  MCEI.NS  fell as much as 10% on Friday after
the company, late on Wednesday, extended the services of
software vendor 63 Moons Technologies  63MO.NS  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.
    

($1 = 82.0170 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru; Editing by Janane
Venkatraman)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))