Financial Technologies (India) (FTIL) has concluded the sale of balance 5% equity stake in Indian Energy Exchange (IEX) on fully diluted basis. The company has sold 3.02% stake to Siguler GUFF NJDM Investment Holdings, 1.61% stake to SG BRIC III Trading, LLC and 0.37% stake to Madison India Opportunities III.
With the the above transactions, the company has completed the sale of its entire 25.64% stake in IEX on fully diluted basis and accordingly the holding of company in IEX is NIL. Axis Capital was the Investment Banker and the Principal Financial Advisor to the transaction. Other Advisor to the transaction was Centrum Capital while the Legal Advisor to the transaction was J Sagar Associates.
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.
