FTIL gains on stake sale in MCX-SX
The stock up 5% to Rs 190 after FTIL announced the sale of its 5% stake in MCX-SX to Rakesh Jhunjhunwala , along with 12 others.
 "FTIL gains on stake sale in MCX-SX")
Financial Technologies India (FTIL) has surged 5% to Rs 190 in early morning deals on NSE after the company announced the sale of its 5% stake in MCX-SX to ace investor Rakesh Jhunjhunwala, along with 12 others, in a deal amounting to over Rs 88 crore.
In a statement released late on Tuesday evening, FTIL said the stake-sale worth Rs 88.42 crore included 27 million shares and 562 million warrants.
Post completion of the above said transaction, the Company would have completely exited MCX-SX, it added.
The stock opened at Rs 190 and touched high of Rs 195 on NSE. A combined 375,550 shares changed hands on the counter till 0923 hours on NSE and BSE.
In a statement released late on Tuesday evening, FTIL said the stake-sale worth Rs 88.42 crore included 27 million shares and 562 million warrants.
Post completion of the above said transaction, the Company would have completely exited MCX-SX, it added.
The stock opened at Rs 190 and touched high of Rs 195 on NSE. A combined 375,550 shares changed hands on the counter till 0923 hours on NSE and BSE.