63 Moons Technologies Ltd.

BSE: 526881 | NSE: 63MOONS
Small Cap | IT - Software
677.90
-0.75 (-0.11%)
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Financial Technologies soars as its arm enters into SPA for sale of its 14.3% stake in DGCX

Date: 29-01-2016

Financial Technologies (India) is currently trading at Rs. 110.00, up by 13.70 points or 14.23% from its previous closing of Rs. 96.30 on the BSE.

The scrip opened at Rs. 101.90 and has touched a high and low of Rs. 110.00 and Rs. 101.90 respectively. So far 85,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 222.40 on 03-Mar-2015 and a 52 week low of Rs. 93.00 on 21-Jan-2016.

Last one week high and low of the scrip stood at Rs. 111.00 and Rs. 95.80 respectively. The current market cap of the company is Rs. 505.00 crore.

The promoters holding in the company stood at 45.63% while Institutions and Non-Institutions held 16.27% and 38.10% respectively.

Financial Technologies (India) (FTIL) - wholly owned subsidiary - FT Group Investments, Mauritius (FTGIPL), has entered into a Share Purchase Agreement (SPA) with Dubai Multi Commodities Centre (DMCC), for sale of its 14.3% stake held in DGCX for an aggregate consideration of $5,775,000.

The said transaction is subject to fulfillment of certain conditions including regulatory approvals, if any. Post completion of the above said transaction, FTGIPL would be completely exiting Dubai Gold and Commodities Exchange (DGCX).

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.