Financial Technologies spurts on revising agreement for sale of equity shares of MCX-SX

08 Dec 2014

Financial Technologies (India) is currently trading at Rs. 227.60, up by 5.60 points or 2.52% from its previous closing of Rs. 222.00 on the BSE.

The scrip opened at Rs. 222.05 and has touched a high and low of Rs. 231.30 and Rs. 222.05 respectively. So far 106765 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 403.60 on 10-Mar-2014 and a 52 week low of Rs. 135.75 on 22-Oct-2014.

Last one week high and low of the scrip stood at Rs. 239.00 and Rs. 181.10 respectively. The current market cap of the company is Rs. 1047.13 crore.

The promoters holding in the company stood at 45.63 % while Institutions and Non-Institutions held 18.15 % and 36.22 % respectively. 

Financial Technologies (India) (FTIL) has entered into an amendment to the share purchase and warrant agreement with  Rakesh Jhunjhunwala for the sale of additional 165,000 equity shares of MCX Stock Exchange (MCX-SX) for a consideration of Rs 2,47,500. Post completion of the above transaction, the company would completely exit MCX-SX.

MCX-SX offers an electronic, transparent and hi-tech platform for trading in Capital Market, Futures & Options, Currency Derivatives and Debt Market segments.

FTIL 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.

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