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FTIL inches up on entering into agreement to sell 19.06% stake in IEX for Rs 409.95 crore

24 Sep 2015 Evaluate

FTIL is currently trading at Rs. 114.35, up by 0.45 points or 0.40% from its previous closing of Rs. 113.90 on the BSE.

The scrip opened at Rs. 115.00 and has touched a high and low of Rs. 115.00 and Rs. 113.70 respectively. So far 28808 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 242.05 on 10-Oct-2014 and a 52 week low of Rs. 98.30 on 04-Sep-2015.

Last one week high and low of the scrip stood at Rs. 119.60 and Rs. 113.10 respectively. The current market cap of the company is Rs. 527.37 crore.

The promoters holding in the company stood at 45.63% while Institutions and Non-Institutions held 17.17% and 37.20% respectively.

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.


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