Merrill Lynch picks 2.35 lakh shares in Financial Technologies India

Merrill Lynch, a global financial services firm has picked up 2.35 lakh shares in Jignesh Shah-led Financial Technologies (FTIL) through an open market transaction. Merrill Lynch Capital Markets Espana bought 235,461 scrips of FTIL on March 05, 2014 at an average price of Rs 347.76, valuing the transaction at Rs 8.18 crore.

Financial Technologies 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.