SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Financial Technologies to sell 15% stake in MCX to KMBL

21 Jul 2014 Evaluate

Financial Technologies (India) (FTIL) has entered into a Share Purchase Agreement (SPA) to sell 15% stake in MCX to Kotak Mahindra Bank (KMBL) for a total consideration of Rs 459 crore. The above is subject to certain conditions to be fulfilled including regulatory approvals prior to closing of the transaction.

FTIL had committed to divest its holding in MCX. This transaction culminates majority of the divestment process initiated by FTIL since February 27, 2014. FTIL had appointed a restructuring committee to oversee this process, which appointed JM Financials as its investment banker and lean as advisor. Despite many challenges, since the initiation of the divestment process, FTIL was successful in generating and negotiating a binding offer from one of India’s largest private sector banks, KMBL, thereby endorsing the credentials of a strong world class institution promoted by FTIL.

FTIL will continue with its divestment process to sell the balance 5% stake subject to the receipt of binding bids and all regulatory and other approvals.

63 Moons Tech. Share Price

663.30 13.00 (2.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×