Financial Technologies India Ltd

ED attaches FTIL's mutual funds worth Rs 307 cr

ED attaches FTIL's mutual funds worth Rs 307 cr

The Enforcement Directorate, Mumbai, has attached Rs 306.70 crore worth assets belonging to Jignesh Shah-promoted Financial Technologies India Ltd (FTIL).

Sep 22, 2016, 15:37 PM IST
FTIL-NSEL merger: MCA says 96% objections 'orchestrated'

FTIL-NSEL merger: MCA says 96% objections 'orchestrated'

In a first-ever move forcing the amalgamation of two private companies, the MCA has ordered the merger of crisis- hit National Spot Exchange Ltd (NSEL) with its parent FTIL (Financial Technologies India Ltd) in "public interest".

Feb 14, 2016, 17:40 PM IST

FTIL ups stake sale in IEX to 19.06% for Rs 410 cr

Financial Technologies India Ltd (FTIL) on Wednesday said it has entered into an amended share purchase agreement with five buyers to sell its 19.06 percent stake in Indian Energy Exchange(IEX) for Rs 409.95 crore.

Sep 23, 2015, 13:11 PM IST

FTIL signs new pact to sell 16.6% stake in IEX for Rs 357 cr

FTIL is divesting its stake in IEX following the direction from regulator Central Electricity Regulatory Commission's (CERC) in May last year in the wake of the Rs 5,600 crore payment scam at FTIL's group firm NSEL.

Jun 19, 2015, 14:18 PM IST

FTIL's exit from MCX-SX is complete

Crisis-hit Financial Technologies India Ltd (FTIL) Wednesday said it has completed the sale of its entire 5 percent stake in MCX-SX for nearly Rs 89 crore, thus exiting the bourse.

Apr 15, 2015, 22:00 PM IST

FTIL sells 1.65 lakh shares of MCX-SX to Jhunjhunwala

Financial Technologies India Ltd (FTIL) Monday said it has sold an additional 1.65 lakh shares to ace investor Rakesh Jhunjhunwala for Rs 2.47 lakh in stock exchange MCX-SX, thereby completely exiting the bourse.

Dec 08, 2014, 19:46 PM IST

HC orders status quo to proposed merger of FTIL with NSEL

The Bombay High Court on Thursday ordered `a status quo' till December 22 to the proposed merger of Financial Technologies India Ltd with the National Spot Exchange Ltd.

Nov 27, 2014, 22:13 PM IST

FTIL in pact with Jhunjhunwala, others to exit MCX-SX bourse

Financial Technologies India Ltd Tuesday inked a pact with ace investor Rakesh Jhunjhunwala, financial major Edelweiss and others to sell its entire five percent stake in MCX-SX stock exchange for Rs 88.41 crore.

Nov 25, 2014, 22:59 PM IST

CCI clears Kotak 15% stake buy in MCX

Kotak Mahindra Bank's proposed Rs 459 crore deal to acquire 15 percent stake in commodity bourse MCX today got the approval of fair trade regulator CCI, making the financial sector conglomerate a major player in exchange business.

Sep 15, 2014, 22:44 PM IST

FTIL Q1 net profit up 58% at Rs 128 cr

Financial Technologies (India) Ltd Wednesday posted 58 percent jump in standalone net profit at Rs 128.24 crore for the first quarter ended June 30, 2014-15, on account of higher income.

Aug 13, 2014, 20:25 PM IST

SEBI relaxes norms for FTIL to divest stake in MCX

To facilitate divestment by erstwhile promoters of MCX, SEBI has relaxed lock in period for such stake sale in the commodity bourse.

Jul 21, 2014, 22:30 PM IST

FTIL to sell 15% stake in MCX to Kotak Bank for Rs 459 cr

Jignesh Shah-led Financial Technologies on Sunday said it has signed an agreement to sell 15 percent stake in MCX to Kotak Mahindra Bank for Rs 459 crore.

Jul 20, 2014, 22:31 PM IST

FTIL's stake in MCX to be sold via offer for sale

India's leading commodity exchange, Multi Commodity Exchange (MCX) has been permitted to sell its 24 percent stake in Financial Technologies India Ltd (FTIL) via offer for sale.

Jun 23, 2014, 18:32 PM IST

E-series investors redeem 85.5kg gold, Rs 140cr cash from NSEL

National Spot Exchange Ltd (NSEL), a subsidiary of Jignesh Shah-led Financial Technologies India Ltd.

Jun 10, 2014, 17:26 PM IST

FMC pressurising MCX on FTIL stake sale; denies new contracts

Commodity markets regulator FMC on Wednesday said it has not approved a proposal by MCX to launch new contracts beyond August as part of a strategy to put pressure on the exchange to comply with its order on reduction of the stake held by the former promoter.

Jun 04, 2014, 17:51 PM IST

FTIL calls board meeting Thursday to discuss Shah's arrest

Financial Technologies India Ltd (FTIL) has called a board meeting on Thursday to discuss the arrest of its chief Jignesh Shah.

May 07, 2014, 21:35 PM IST

FTIL shares settle 2% higher on deal to sell SMX stake

Paring sharp initial gains, shares of Financial Technologies (India) Ltd Tuesday settled 2 percent higher in-line with a sluggish stock market after the company announced sale of its Singapore-based bourse SMX for USD 150 million (Rs 931 crore) to InterContinentalExchange.

Nov 19, 2013, 18:39 PM IST

FTIL sells SMX for $150 mn; clear dues, say NSEL investors

Embattling a major crisis at group entity NSEL, exchange operator FTIL Tuesday announced sale of its Singapore-based bourse SMX for USD 150 million (Rs 931 crore) to InterContinentalExchange.

Nov 19, 2013, 13:09 PM IST

MCX Q2 net profit declines over three-fold to Rs 27.04 crore

Leading commodity bourse MCX Monday reported over three-fold drop in its standalone net profit to Rs 27.04 crore in the second quarter of the current fiscal due to lower income and higher expenses.

Nov 11, 2013, 12:44 PM IST

Former Home Secy Pillai to join MCX-SX as public interest dir

Jignesh Shah-led Financial Technologies is the promoter of National Spot Exchange (NSEL), which is grappling with Rs 5,600 crore payment crisis.

Oct 14, 2013, 23:43 PM IST