Financial Tech surges on unit's deal to sell SMX stake

MUMBAI (Reuters) - Shares in Financial Technologies (India) Ltd jumped nearly 9 percent in early trading, adding to Monday's 20 percent gains, after the company said its unit will sell its stake in SMX to ICE Singapore Holdings Pte Ltd for $150 million.

The company added that it will primarily utilize the proceeds to repay debt.

Shares in Multi Commodity Exchange of India Ltd , in which the company owns 26 percent, also rose 2.2 rcent.

(Reporting by Abhishek Vishnoi; Editing by Gopakumar Warrier)