Clarification sought from Financial Technologies (India) Ltd
The Exchange has sought further update with respect to Hon'ble Court matter to be held on October 16, 2015 from the company with respect to news article appearing in Mint on October 01, 2015 titled "FTIL barred from issuing dividend". The reply is awaited. Financial Tech in Process of Selling Remaining Stake in IEX
Financial Technologies India Ltd (FTIL) on Friday said it has completed sale of a 19.06 per cent stake in the Indian Energy Exchange (IEX) and is in the process of divesting the remaining 6.58 per cen... FTIL exits from IEX, sells entire 19.06% stake
Financial Technologies (FTIL) today exited from Indian Energy Exchange (IEX) by selling its entire 19.06 per cent stake in the bourse. Updates on divestment in Indian Energy Exchange Limited (IEX)
With reference to the earlier communications regarding Update on divestment in Indian Energy Exchange Limited (IEX) from time to time, Financial Technologies (India) Ltd has informed BSE that the Company has concluded the sale of 5.46% equity stake in lEX on fully diluted basis with M/s. Agri Power and Engineering Solutions Private Limited and accordingly 16,55,557 equity shares has been transferred to the above Purchaser from the Escrow Account with Axis Bank Ltd.... Update on divestment in Indian Energy Exchange Limited (IEX)
With reference to the earlier communications regarding Update on divestment in Indian Energy Exchange Limited (IEX) from time to time, Financial Technologies (India) Ltd has further informed BSE as under:- Without prejudice to the Company's legal rights and remedies, on October 20, 2015 the Company have, 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... NSEL says proposed merger with Financial Tech is bad in intent, law
In oral hearing, top brass hint at unholy bias towards defaulters Update on divestment in Indian Energy Exchange Limited (IEX)
With reference to the earlier communication dated October 07, 2015 regarding Update on divestment in Indian Energy Exchange Limited (IEX), Financial Technologies (India) Ltd has now informed BSE that the Company has concluded the sale of 11% equity stake in IEX on fully diluted basis, with M/s. DCB Power Ventures Limited and M/s. Kiran Vyapar Limited, and accordingly 33,36,149 equity shares has been transferred to the above two Purchasers from the Escrow Account with Axis Bank Ltd.... FTIL makes last-ditch effort to avoid NSEL merger
Top officials raise objections before Ministry panel Shareholding Pattern For September 30, 2015
Financial Technologies (India) Ltd has informed BSE about the Shareholding Pattern as on September 30, 2015. Further updates on Clarification sought on October 01, 2015
The Exchange had sought clarification from Financial Technologies (India) Ltd with respect to news article appearing in Mint on October 1, 2015 titled "FTIL barred from issuing dividend" Financial Technologies (India) Ltd has submitted further updates stating "In the matter of distribution of dividend to shareholders, please be informed that the Court has kept the next hearing on October 16, 2015."