India's SEBI cancels MMTC's stock broker registration; stock falls

MMTC

08/08/2023 07:36

** Shares of MMTC  MMTC.NS  fall as much as 5% to 35.6 rupees,
their lowest level since July 31
    ** Stock on track for a second consecutive session of losses
    ** Co on Monday said SEBI cancelled its registration as a
stock broker for its involvement in illegal 'paired contract' in
a case pertaining to defunct National Spot Exchange
    ** More than 2.5 mln shares change hands by 12:00 p.m. IST,
0.5x 30-day avg
    ** Stock down around 5% YTD

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))