Financial Technologies India Ltd (FTIL) has dipped 4% to Rs 288, extending its 9.3% fall in past two trading sessions, after the company said it has decided to postpone its decision for divesting 24% stake in the Multi Commodity Exchange (MCX) to May 10, as bidders did not submit binding bids.
FTIL said in a statement issued after the board meeting on Friday, May 3, that with MCX releasing executive summary of the special audit report by PricewaterhouseCoopers (PwC), some bidders requested for the full report and further information about MCX. FTIL’s merchant bankers have sent the request to MCX.
PwC carried out an audit report on MCX on instructions given by the commodity market regulator.
The stock opened at Rs 302 and hit a low of Rs 286, its lowest level since February 17, 2014 on the BSE. A combined 219,429 shares changed hands on the counter so far on the BSE and NSE.
FTIL said in a statement issued after the board meeting on Friday, May 3, that with MCX releasing executive summary of the special audit report by PricewaterhouseCoopers (PwC), some bidders requested for the full report and further information about MCX. FTIL’s merchant bankers have sent the request to MCX.
PwC carried out an audit report on MCX on instructions given by the commodity market regulator.
The stock opened at Rs 302 and hit a low of Rs 286, its lowest level since February 17, 2014 on the BSE. A combined 219,429 shares changed hands on the counter so far on the BSE and NSE.
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