63 Moons Technologies Ltd.

BSE: 526881 | NSE: 63MOONS
Small Cap | IT - Software
740.25
-18.55 (-2.44%)
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Financial Technologies (India) divests 5.18% stake in MCX

Date: 12-03-2012

Financial Technologies (India) (FTIL) has divested 5.18% stake in Multi Commodity Exchange of India (MCX) in the recently concluded IPO. The company has offered 26,43,916 equity shares of face value of Rs 10 each for a consideration of Rs 1,032 per share.

Subsequent to the disinvestment, the company is now holding 26% in the equity share capital of MCX. The above said disinvestment by FTIL was in terms of equity structure guidelines dated July 29, 2009, issued by Forward Market Commission.

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.