Financial Technologies India (FTIL) has entered into an amended share purchase agreement with five buyers to sell its 19.06% stake in Indian Energy Exchange (IEX) for Rs 409.95 crore. The above transaction is subject to fulfillment of certain customary conditions precedents and the said shares will be transferred to purchases from escrow account with Axis Bank.
The company had earlier on June 18 entered into share purchase agreement with DCB Power Ventures, Kiran Vyapar, Agri Power and Engineering, Aditya Birla Capital Advisors (Trustee to the Aditya Birla Private Equity Fund I) and Aditya Birla Capital Advisors (Trustee to the Aditya Birla Private Equity Sunrise Fund).
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.
