After issuing a proposal order to merge National Spot Exchange Ltd (NSEL) with Financial Technologies (India) Ltd, the government is considering another order to make a complete or partial change in the board of the merged entity.
It has been reported that the Union ministry of corporate affairs is to order the merger of the struggling and scandal-hit National Spot Exchange Ltd, or NSEL, with its parent company, Financial Technologies India Ltd, or FTIL.
Financial Technologies India (FTIL) has tanked 13% to Rs 148, extending its previous day’s 20% fall on BSE, after the government on Tuesday proposed a merger of the National Spot Exchange (NSEL) with the company.
The cash-strapped National Spot Exchange Ltd (NSEL) is set to be merged with its parent, Jignesh Shah-promoted Financial Technologies (India) Ltd, or FTIL, with the government on Tuesday issuing a draft order to this effect.
Financial Technologies (India) has hit the lower circuit of 20% at Rs 170 on National Stock Exchange (NSE), after the company said it has received a draft order of amalgamation of National Spot Exchange Limited (NSEL) with the comapny.
Financial Technologies India Ltd (FTIL) promoter Jignesh Shah on Monday exited the Multi Commodity Exchange (MCX), the country’s largest commodity bourse that he founded in 2003, with FTIL signing an agreement with Kotak Mahindra Bank to sell its 15
Financial Technologies (India) said in a statement to the BSE that it has entered into a supplementary agreement (master amendment to the principal agreements) for providing software support and managed services to the Multi Commodity Exchange (MCX) valid
Financial Technologies (India) (FTIL) has opposed to the proposal of the Forward Markets Commission (FMC) in which the commodity derivatives market regulator proposed merger of the scam hit National Spot Exchange Ltd (NSEL) with its parent FTIL.
Stating that crisis-hit NSEL is "bereft of any credibility", regulator FMC today said it has recommended the government to consider merger of the spot commodity exchange with its promoter FTIL for speedy recovery of dues over Rs 5,300 crore from
Finance Minister Arun Jaitley might have to step in to decide on the Forward Markets Commission (FMC)’s proposal to merge scam-hit National Spot Exchange Ltd (NSEL) with its parent, Financial Technologies India Ltd (FTIL).
Jignesh shah's promoted Financial Technologies has fully exited from Multi Commodity Exchange. Today the company sold 5% on stock exchanges. MCX was promoted by it in 2003 and it has to exit following FMC order declaring it not fit to run the exchange.
A day after the Central Bureau of Investigation (CBI) registered a criminal case against Financial Technologies India Ltd (FTIL), promoter of Multi Commodity Exchange Stock Exchange (MCX-SX), in the grant of a licence to the stock exchange, FTIL issued a