Financial Technologies (India) enters into share purchase agreement to sell 1.58% stake in IEX

For aggregate consideration of Rs 33.96 crore

Financial Technologies (India) announced that on 20 October 2015, the Company has entered into a Share Purchase Agreement (SPA) with Madison India Opportunities III, for sale of 4,78,834 (i.e. 1.58% stake in IEX on fully diluted basis) equity shares of Rs. 10/- each of IEX for an aggregate consideration of Rs. 33.96 crore.

The said transaction is subject to fulfillment of certain condition precedents.

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