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Financial Technologies’ arm concludes sale of its 14.3% stake in DGCX

05 Feb 2016 Evaluate

Financial Technologies (India) (FTIL) - wholly owned subsidiary - FT Group Investments, Mauritius (FTGIPL), has concluded the transaction relating to sale of its 14.3% stake in DGCX to Dubai Multi Commodities Centre (DMCC), a Government of Dubai enterprise, on February 04, 2016.

Earlier in January this year, FTGIPL had entered into a Share Purchase Agreement (SPA) with DMCC for sale of its 14.3% stake held in DGCX for an aggregate consideration of $5,775,000.

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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