Financial Technologies (India) (FTIL) - wholly owned subsidiary - FT Group Investments, Mauritius (FTGIPL), has entered into a Share Purchase Agreement (SPA) with Dubai Multi Commodities Centre (DMCC), for sale of its 14.3% stake held in DGCX for an aggregate consideration of $5,775,000.
The said transaction is subject to fulfillment of certain conditions including regulatory approvals, if any. Post completion of the above said transaction, FTGIPL would be completely exiting Dubai Gold and Commodities Exchange (DGCX).
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.
