SEBI approval India

Multi Commodity Exchange of India Limited (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to incorporate a wholly owned subsidiary focused on coal trading. The approval, granted on April 17, 2026, allows MCX to establish a regulated platform for coal price discovery. The proposed entity, expected to be named MCX Coal Exchange Ltd. or MCX Coal Exchange of India Ltd., will be set up with an investment of up to…