At a board meeting held on Tuesday, the MCX-SX board has approved the issuance of equity shares, earlier held by Financial Technologies (FTIL) as warrants, to 12 investors, including to investor Rakesh Jhunjhunwala.
The Bombay High Court today ordered status quo in the NSEL-FTIL meger case and directed the government to file a reply to the petition filed by FTIL.The government issued a draft order to merger NSEL and FTIL on 21st October.
Financial Technologies India (FTIL) has surged 5% to Rs 190 in early morning deals on NSE after the company announced the sale of its 5% stake in MCX-SX to ace investor Rakesh Jhunjhunwala, along with 12 others, in a deal amounting to over Rs 88 crore.
Financial Technologies (India) Limited, or FTIL, on Tuesday announced the sale of its five per cent stake in MCX-SX to ace investor Rakesh Jhunjhunwala, along with 12 others, in a deal amounting to over Rs 88 crore.
Shares of Financial Technologies (India) are trading higher by 4% to Rs 191 on the BSE after board of directors of the Company at its meeting held on 20 November 2014 approved appointment of Prashant Desai, President as MD & CEO of the Company.
In an unexpected move, Jignesh Shah, founder and group chief executive officer (CEO) of Financial Technologies (FTIL) stepped down on Thursday from the company’s board of directors and handed over the baton to the next generation at the
If the buzz in the corridors of the ministry of corporate affairs is to be believed, the government is keen on removing the management of Financial Technologies India (FTIL), which substantially owns the National Spot Exchange (NSEL).
Financial Technologies (FTIL) announced it was selling Bourse Africa, Mauritius, together with its wholly owned subsidiary, Bourse Africa Clear, to Continental Africa Holdings, Mauritius, for $40.5 million.
Financial Technologies (India) Limited, or FTIL, has decided to move the Supreme Court against commodities derivatives regulator Forward Markets Commission’s order declaring it not “fit and proper&" to be a shareholder in any
The Financial Technologies (FTIL) on Thursday sought a stay on the December 17 Forward Markets Commission (FMC) order declaring the company 'not fit and proper' to hold shares in the Multi Commodity Exchange (MCX).
Ahead of a possible amalgamation with National Spot Exchange (NSEL), its ailing subsidiary, Financial Technologies (FTIL) has decided to spin off its major business, Odin, into a separate subsidiary or strategic business unit, so as to attract a majority