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Penalty clause in TCS deal won't help cover extra expenses paid to 63 Moons: MCX

Between October 2022 and June 2023, MCX paid Rs 242 crore to 63 Moons for the extension of the contract. It was extended till December 2023 for a charge of Rs 125 crore per quarter. All together, MCX will fork out Rs 470 crore as additional expenses
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MCX shares dive 12% after exchange extends software support contract with 63 Moons Tech, again

MCX share price: MCX has repeatedly failed to switch to a new trading platform within stipulated deadlines. The stock today slumped 12.48 per cent to hit a day low of Rs 1,437 over its previous close of Rs 1,641.85.
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