As Financial Technologies India Limited (FTIL) is selling its stake in the Multi Commodity Exchange (MCX), it is reliably learnt that Warburg Pincus, a leading private equity firm, and Tata Capital have also shown interest in picking up stake.
The commodity derivatives markets regulator the Forward MarketsCommission (FMC) has directed exchanges under its net to implement changes recommended by the Financial Sector Legislative Reforms Commission (FSLRC) on consumer protection.
Multi Commodity Exchange (MCX), the country's largest bourse in this segment, plans to change its norms to enable transfer of shares of a shareholder declared 'not fit and proper' by the regulator to an escrow account.
Financial Technologies (India) Ltd (FTIL), which has been asked by the Securities and Exchange Board of India (Sebi) to sell the shares it owns in various bourses, could get at least Rs 70 crore if it were to offload the stakes at cost value.
Financial Technologies India Ltd (FTIL) has informed the BSE it has entered into an agreement with GoldenOak (Mauritius) for the sale of stake in Indian Energy Exchange (IEX), an electricity futures trading platform promoted by it.
Financial Technologies (India) Limited has entered into an agreement with Golden Oak (Mauritius) Ltd to sell its 13,64,787 equity shares with a face value of Rs 10 each, of Indian Energy Exchange (IEX) to the latter for a consideration of Rs 72.89 crore.
Venkat R Chary (74), a senior former bureaucrat and the non-executive chairman of Multi Commodity Exchange (MCX) for a decade until August 2013, is now an independent director at Financial Technologies India Ltd (FTIL) since October 2013. He tells Rajesh
Financial Technologies (India) is locked in upper circuit of 5% at Rs 379 after the company said that it sold its entire stake in National Bulk Handling Corporation (NBHC) to IVF Trustee Company for about Rs 242 crore.
Financial Technologies (FTIL), promoter of crisis- spot National Spot Exchnage Ltd (NSEL), has sold one more business. On Friday, it announced the sale of National Bulk Handling Corporation, its warehousing subsidiary, for Rs 241.7 crore.
At least three auditors have come under the scanner of the Corporate Affairs Ministry for their alleged lapses in carrying out audits of crisis-hit National Stock Exchange and its promoter group Financial Technologies.