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MoneyWorks4Me

FTIL gets nod for amendment to principal agreements

26 Sep 2014 Evaluate

Financial Technologies (India) (FTIL) has received an approval for Master Amendment to Principal Agreements (Agreement) to be entered into with MCX for continued provisions of Software support & Managed Services on mutually agreed terms & conditions. The board of directors at their meeting held on September 25, 2014 has approved for the same.

Further, by entering into the above said agreement, the companies have completed all the condition precedents of Share Purchase Agreement with Kotak Mahindra Bank (KMBL) as disclosed on July 20, 2014.

Financial Technologies is a flagship company of the Financial Technologies Group. It provides technology solutions and domain expertise for digital transactions and financial markets across all asset class including equity, commodities, currency and debt.

Peers
Company Name CMP
TCS 2495.10
Infosys 1163.00
HCL Technologies 1430.00
Wipro 196.10
Tech Mahindra 1785.40
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