Financial Technologies India (FTIL) has proposed to provide additional financial assistance amounting Rs 50 crore to its crisis ridden subsidiary National Spot Exchange (NSEL). The assistance can be in the nature of loan or equity infusion. The company has placed this proposal apart from eight other proposals for approval before shareholders through postal ballot.
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.
