63 Moons Technologies Ltd.

BSE: 526881 | NSE: 63MOONS
Small Cap | IT - Software
677.90
-0.75 (-0.11%)
< Home < Back

Financial Technologies enters into SPA for sale of 100% stake in NBHC

Date: 15-03-2014

Financial Technologies (India) (FTIL) and all other shareholders of National Bulk Handling Corporation (NBHC) have entered into Share Purchase Agreement (SPA) for sale of 100% equity ownership in NBHC, a subsidiary of the company to IVF Trustee Company, the sole Trustee of India Value Fund IV for a total consideration of Rs 241.74 crore.

The transaction is subject to certain customary closing conditions including the approval of shareholders of FTIL. The transaction is likely to be completed by April 15, 2014 to April 30, 2014 subject to shareholders approval by way of postal ballot.

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.