FTIL sells additional 1.65 lakh MCX-SX shares to Jhunjhunwala

Jhunjhunwala, 12 other entities had picked up stake in MCX-SX in a deal worth Rs 88 crore earlier

Financial Technologies (FTIL) has sold an additional 1.65 lakh shares of stock exchange MCX-SX valued at Rs 2.47 lakh to ace investor Rakesh Jhujhunwala.

This is an amendment to the original share and warrant purchase agreement, which saw Jhunjhunwala and 12 other entities pick up stake in MCX-SX in a deal worth Rs 88 crore.

The modification to the original agreement comes after clarification sought by BSE last week on sale of FTIL's stake in MCX-SX in November.

The exchange had questioned the sale of warrants to the investors after the warrants had been extinguished as per an earlier circular from FTIL.

FTIL shares were up 1.5% at Rs 225.35 per share on the BSE.