Financial Technologies (FTIL) promoted - National Spot Exchange (NSEL) as on date owes Rs 253.92 crore to Motilal Oswal Group i.e. Motilal Oswal Financial Services and/or its subsidiaries. Notwithstanding the above, Motilal Oswal Group has consolidated net-worth of Rs 1,236.70 crore as on June 30, 2013 and no borrowings on its Balance Sheet.
The above amount owed by NSEL to the Motilal Oswal Group comprises of; Rs 195.24 crore owed with respect to the positions taken by its clients through the broking platform offered by Motilal Oswal Group; Rs 57.28 crore owed with respect to the proprietary positions undertaken by Motilal Oswal Group and Rs 1.40 crore owed with respect to the positions taken by its clients through the broking platform offered by Motilal Oswal Group and funded by Motilal Oswal Group.
NSEL, promoted by Jignesh Shah-led FTIL, is facing the problem of settling Rs 5,500 crore dues to 148 members after it suspended trade on July 31 on government direction.
Company Name | CMP |
---|---|
TCS | 3822.60 |
Infosys | 1421.10 |
HCL Tech. | 1367.55 |
Wipro | 462.30 |
Tech Mahindra | 1261.95 |
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