Private equity firm Blackstone GPV Capital Partners, Mauritius, has hiked its stake in Jignesh Shah-promoted Financial Technologies India (FTIL) to over 6% through open market transactions. The PE firm has acquired an additional 524,054 shares constituting 1.137% in the company, taking the total holding to 6.105% or 28,13,005 shares.
On September 13, Blackstone acquired 0.597% stake constituting 275,054 shares in FTIL, while it bought 0.54% stake constituting 249,000 shares on the next day.
Prior to the acquisition, Blackstone held 4.967% stake constituting 22,88,951 shares in FTIL. The total promoter holding in FTIL as on quarter ended June, 2012, stands at 45.69%, while others hold 29.9% stake.
