To completely exit MCX-SX for Rs 88,419 crore
Financial Technologies (India) announced that Financial Technologies (India) ("FTIL") on 25 November 2014, entered into a Share and Warrant Purchase Agreement with Dr. Rakesh Jhunjhunwala and separate Warrant Purchase Agreements with Edelweiss Financial Services, Trust Investment Advisors, Viral A. Parikh, Nemish S. Shah H.U.F., Derive Investments, Kalpraj Dharamshi, Dhanesh Sumatilal Shah, Uday Shah, Madhuri Kela, Renuka Shah, SKS Capital & Research and Madhu Vadera Jayakumar for sale of its 100% stake in MCX-SX comprising of 2,70,00,000 equity shares and 56,24,60,000 warrants for an aggregate consideration of Rs. 88,419 crore.The said transaction is subject to fulfillment of certain condition precedents including regulatory approvals.
Post completion of the above said transaction, the Company would have completely exited MCX-SX.
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