Financial Technologies surges over 5% on
bourses
21/07/2014 10:54
Shares of Financial Technologies rose over 5 per cent in early trade on Bombay Stock Exchange (BSE) after the company announced that it has entered into a share purchase agreement (SPA) to sell its 15 per cent stake in Multi Commodity Exchange (MCX) to Kotak Mahindra Bank for Rs 459 crore. Financial Technologies (India) Ltd (FTIL) on July 20, 2014, entered into a share purchase agreement (SPA) with Kotak Mahindra Bank Limited for the sale of 15 per cent equity shares of MCX for an aggregate consideration of Rs 459 crore The shares of company rose as much as 5.48 per cent to trade at Rs 282 a piece on the BSE. Similarly, shares of the company rose 5.25 per cent to Rs 282.45 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,836.19, up 194.63 points or 0.76 per cent at 10.45 hours.
21/07/2014 10:54
Shares of Financial Technologies rose over 5 per cent in early trade on Bombay Stock Exchange (BSE) after the company announced that it has entered into a share purchase agreement (SPA) to sell its 15 per cent stake in Multi Commodity Exchange (MCX) to Kotak Mahindra Bank for Rs 459 crore. Financial Technologies (India) Ltd (FTIL) on July 20, 2014, entered into a share purchase agreement (SPA) with Kotak Mahindra Bank Limited for the sale of 15 per cent equity shares of MCX for an aggregate consideration of Rs 459 crore The shares of company rose as much as 5.48 per cent to trade at Rs 282 a piece on the BSE. Similarly, shares of the company rose 5.25 per cent to Rs 282.45 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,836.19, up 194.63 points or 0.76 per cent at 10.45 hours.
