Financial Technologies (India) concludes sale of 11% stake in IEX

With DCB Power Ventures and Kiran Vyapar

Financial Technologies (India) announced that the Company has concluded the sale of 11% equity stake in Indian Energy Exchange (IEX) on fully diluted basis, with DCB Power Ventures and Kiran Vyapar, and accordingly 33,36,149 equity shares has been transferred to the above two Purchasers from the Escrow Account with Axis Bank.

With the conclusion of the above transaction, the Company has completed the sale of 13.60% stake in IEX, on fully diluted basis.

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