With reference to the earlier communications regarding Update on divestment in Indian Energy Exchange Limited (IEX) from time to time, Financial Technologies (India) has further informed that without prejudice to the Company’s legal rights and remedies, on October 20, 2015 the Company have, entered into a Share Purchase Agreement (SPA) with Madison India Opportunities III, for sale of 4,78,834 (i.e. 1.58% stake in IEX on fully diluted basis) equity shares of Rs 10 each of IEX for an aggregate consideration of Rs 33.96 crores. The said transaction is subject to fulfillment of certain condition precedents.
The above information is a part of company’s filings submitted to BSE.
