-14.20 (-1.87%) Financial Technologies is currently trading at Rs. 793.15, up by 39.75 points or 5.28% from its previous closing of Rs. 753.40 on the BSE.
The scrip opened at Rs. 771.25 and has touched a high and low of Rs. 824.90 and Rs. 771.25 respectively. So far 350572 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.80 on 17-Feb-2012 and a 52 week low of Rs. 518.10 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs. 824.90 and Rs. 737.00 respectively. The current market cap of the company is Rs. 3671.54 crore.
The promoters holding in the company stood at 45.69% while Institutions and Non-Institutions held 30.63% and 23.45% respectively.
MCX Stock Exchange (MCX-SX), after a long and tortuous legal battle, has received the approval from the Securities and Exchange Board of India (SEBI) for commencing equity trading business. The MCX-SX will start operations as a full-fledged stock exchange, offering trading in stocks, futures & options (F&O) on stocks and indices, interest rate derivatives and other products.
The SEBI has given the said approval with some conditions that the promoters of MCX-SX bring down their shareholding in the exchange to 5% limit within 18 months, they will also have to reduce their entitlement to equity or rights over equity from instruments like warrants within the 5% shareholding limit within 3 years, and the combined voting rights of the two promoters Financial Technologies India (FTIL) and MCX in MCX-SX will not exceed 5%.
Earlier on July 16, 2010, MCX-SX moved Bombay High Court after it got no response from SEBI on its application. Bombay HC set aside the order passed by whole-time member of SEBI and directed SEBI to consider MCX-SX application on March 14, 2012.