Financial Technologies India (FTIL) has locked in upper circuit for the second day in a row today, up 10% at Rs 268 on back of heavy volumes on the Bombay Stock Exchange (BSE).
At 1305 hours, a combined 3.81 million shares representing 8.3% of total equity of FTIL have changed hands on the counter. There are pending buy orders for 95,557 shares on BSE and NSE. The stock rallied 21% from Rs 221 in past two trading sessions.
Last week, the Securities Appellate Tribunal (SAT) gave Jignesh Shah-controlled FTIL four weeks to divest its shares in bourses, including Multi Commodity Exchange of India (MCX) and MCX-SX.
On July 8, FTIL sold around 2% or 1.01 million shares of MCX for Rs 66 crore to billionaire investor Rakesh Jhunjhunwala in a block deal.
Post selling, the company’s holding in MCX has come down from 26% to 24.02%, FTIL said in a statement.
The Company continues the discussions on disinvestment with the prospective buyers and on reaching a definitive offer, the Company may consider the disinvestment to such bidders, it added.
At 1305 hours, a combined 3.81 million shares representing 8.3% of total equity of FTIL have changed hands on the counter. There are pending buy orders for 95,557 shares on BSE and NSE. The stock rallied 21% from Rs 221 in past two trading sessions.
Last week, the Securities Appellate Tribunal (SAT) gave Jignesh Shah-controlled FTIL four weeks to divest its shares in bourses, including Multi Commodity Exchange of India (MCX) and MCX-SX.
On July 8, FTIL sold around 2% or 1.01 million shares of MCX for Rs 66 crore to billionaire investor Rakesh Jhunjhunwala in a block deal.
Post selling, the company’s holding in MCX has come down from 26% to 24.02%, FTIL said in a statement.
The Company continues the discussions on disinvestment with the prospective buyers and on reaching a definitive offer, the Company may consider the disinvestment to such bidders, it added.