Govt seeks to restrain FTIL from selling assets

To protect the interest of investors in the nearly Rs 5,600-crore scam at NSEL, the government has moved the Supreme Court seeking a restrain on parent firm Financial Technologies to prevent possible "asset stripping"

Govt orders merger of NSEL with Financial Technologies

Govt orders merger of NSEL with Financial Technologies

This is the first case of the government ordering merger of two private companies invoking a rarely used clause in the companies law.

Financial Technologies wraps up IEX stake sale

 Financial Technologies on Friday said it has concluded sale of its remaining 5 percent stake in Indian Energy Exchange (IEX).

FTIL set to exit IEX, to sell remaining 0.37% stake

Financial Technologies has entered into an agreement with Madison India Opportunities.

FTIL renames itself as 63 Moons Technologies

Jignesh Shah-led Financial Technologies (India) Ltd on Wednesday proposed to change its name to 63 Moons Technologies Ltd as it seeks to reinvent itself in the wake of the NSEL crisis.

FTIL-NSEL swap ratio finalised; NAFED to get 38 shares

The government has finalised the share swap ratio for the proposed merger of crisis-hit NSEL with its parent Financial Technologies, which itself will not get any share.

MSX says not linked to FTIL, NSEL and their promoters anymore

Metropolitan Stock Exchange, formerly known as MCX Stock Exchange or MCX-SX, on Thursday said it is no more linked to Financial Technologies, NSEL and its promoters and operates as a separate and independent entity.

FTIL offers Rs 1000cr settlement plan; brokers reject proposal

Financial Technologies today said it has submitted to the government a Rs 1,000-crore settlement plan, including Rs 500-crore to be contributed by brokers, to clear the claims of small and mid-sized investors on scam-hit National Spot Exchange Ltd (NSEL).

MCX approaches SEBI for retaining stake in MCX-SX, MCX-SX CCL

Country's largest commodity exchange MCX has requested SEBI to allow the company to retain its stake in MCX-SX and MCX-SX CCL.

FTIL expands Board; to carve out new firm for flagship product

Facing a government-ordered merger of crisis hit NSEL with itself, Financial Technologies India (FTIL) on Friday announced spinning off a key revenue-generating trading software product into a separate subsidiary as part of a major restructuring exercise.

FTIL shares hit new low, bounce back

Financial Technologies stocks slumped to their lowest trading permissible limit for the day but bounced back soon and rallied by over 9 per cent in a heavily volatile afternoon trade on bourses.

NSEL scam: Two top honchos of defaulting firms arrested

Mumbai Police on Tuesday arrested two top honchos of different defaulting companies, which collectively owe over Rs 1,000 crore to the crisis-hit NSEL.

FTIL may have to absorb over Rs 5,200 cr NSEL liabilities

So far, the crisis-hit exchange has managed to recover only about Rs 360 crore dues from defaulters, a part of which has been disbursed and the rest is in an escrow account.

FTIL shares crash 20% as govt to merge NSEL with co

Shares of Financial Technologies slumped 20 percent to hit its lowest trading permissible limit for the day after the government decided to merge crisis-ridden National Spot Exchange Ltd (NSEL) with holding group FTIL.

Govt orders merger of fraud-hit NSEL with parent firm FTIL

To ensure speedy recovery of dues for investors and others hit by Rs 5,600-crore "fraud" at the National Spot Exchange Ltd, the government on Tuesday ordered merger of the scam-hit firm with its holding company FTIL.

FTIL signs new technology contract with MCX

Financial Technologies (FTIL) on Saturday said it has signed a 10-year long-term technology contract with the commodity exchange MCX, resulting in negative impact of nearly Rs 9 crore on its total income for this fiscal.

MCX-SX to be rechristened as Metropolitan Stock Exchange

MCX Stock Exchange (MCX-SX) on Tuesday said it has received approval from capital markets regulator Sebi to rename itself as Metropolitan Stock Exchange of India Ltd' or mSXI.

FTIL exits MCX by selling 5% stake for over Rs 200 cr

Financial Technologies (FTIL) on Wednesday exited country's largest commodity exchange MCX by selling its residual 5 percent stake in the bourse, it had originally promoted, for over Rs 200 crore.

SEBI relaxes norms for FTIL to divest stake in MCX

Commodity bourse MCX on Friday said that the capital markets regulator Securities and Exchange Board of India (Sebi) has relaxed norms to allow FTIL to bring down its stake to 1.99 percent in the commodity bourse.

FTIL Q1 net profit up 58% at Rs 128 cr

The FTIL scrip fell by 4.86 percent to settle at Rs 268.20 on the BSE.