Bombay Bullion Association Ltd. said it planned to buy a 5% stake in Multi Commodity Exchange of India Limited (NSEI:MCX) (‘MCX') and had sent an expression of interest to FMC, association President Mohit Kamboj told a section of the media on January 1, 2014. "It's like a storm in a teacup and there's no tea in the cup," said the official who requested anonymity as the issue was "sensitive." Also, apart from the MCX board not having approved any stake sale by any shareholder so far and the court case, it is unlikely that Financial Technologies (India) Ltd. (BSE: 526881), the promoter of MCX, would agree for a distress sale, he added.