Market regulator SEBI has approved the appointment of Mrugank Paranjape as the MD & CEO of commodity exchange MCX.

In a filing to the BSE, MCX has informed that SEBI, vide its letter dated March 30, 2016, has conveyed its approval for the appointment for a period of three years from the date of his joining.

Last month, the board of commodity bourse MCX had approved appointment of Paranjape as MD and CEO of the exchange for a period of three years.

In a separate filing, Multi Commodity Exchange of India Ltd (MCX) also informed that SEBI has granted extension of the term of Dinesh Kumar Mehrotra, G Anantharaman and Satyananda Mishra as Public Interest Director (PID) on the Board of MCX for a period of three years from their respective date of appointment.

Accordingly, Mehrotra, Anantharaman and Mishra would complete their term as PIDs on the MCX’s board on July 2, 2016, October 16, 2016 and November 18, 2016 respectively.

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