'Financial Technologies India Ltd' - 210 News Result(s)

  • FTIL Asked to Transfer Stake in IEX to Trust Account by July 2
    FTIL Asked to Transfer Stake in IEX to Trust Account by July 2

    Financial Technologies India Ltd (FTIL), which holds around 26 per cent stake in IEX, is divesting its stake in the bourse following a direction from the Central Electricity Regulatory Commission (CERC) in May last year in the wake of the Rs 5,600-crore payment crisis at the group firm NSEL.

  • FTIL Begins Process to Sell 23% Stake in MCX-SX Clearing Corporation
    FTIL Begins Process to Sell 23% Stake in MCX-SX Clearing Corporation

    Financial Technologies India Ltd (FTIL) has begun the process of selling its 23 per cent stake in MCX-SX Clearing Corporation Ltd (MCX-SX CCL) in order to comply with a Securities and Exchange Board of India order.

  • FTIL Signs Pact to Sell 16.6% Stake in IEX for Rs 357 Cr
    FTIL Signs Pact to Sell 16.6% Stake in IEX for Rs 357 Cr

    Financial Technologies India Ltd (FTIL) on Friday said it has entered into a new share purchase agreement with four companies to sell a 16.6 per cent stake in Indian Energy Exchange Ltd (IEX) for Rs 357.06 crore.

  • MCX Wants Sebi Nod to Raise Stake in MSXI
    MCX Wants Sebi Nod to Raise Stake in MSXI

    Commodity bourse MCX has requested the Securities and Exchange Board of India (Sebi) that it may be allowed to hold up to a 15 per cent stake in Metropolitan Stock Exchange (MSXI) and be granted extension till December 31 to hold its warrants.

  • Exit From MCX-SX Complete: Financial Tech
    Exit From MCX-SX Complete: Financial Tech

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

  • Assocham Lobbies Against NSEL Merger With Parent Firm
    Assocham Lobbies Against NSEL Merger With Parent Firm

    Opposing the proposed merger of crisis-hit National Spot Exchange Ltd (NSEL) with its parent Financial Technologies India Ltd (FTIL), industry body Assocham has said that a company cannot be held liable for "any alleged liability" of a subsidiary.

  • FTIL-NSEL Swap Ratio Finalised; NAFED to Get 38 Shares
    FTIL-NSEL Swap Ratio Finalised; NAFED to Get 38 Shares

    The swap ratio has been decided after considering the fair value of NSEL at Rs 77 a share and the calculation was based on latest audited financial statements of the bourse as on March 31, 2012.

  • FTIL Offers Rs 1000 Cr Settlement Plan; Brokers Reject
    FTIL Offers Rs 1000 Cr Settlement Plan; Brokers Reject

    Financial Technologies India Ltd (FTIL) on Tuesday 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).

  • FTIL Posts Rs 5 Crore Loss During December Quarter
    FTIL Posts Rs 5 Crore Loss During December Quarter

    The company had posted a net profit of Rs 34.47 crore in the year-ago period.

  • SKS Capital Won't Buy MCX-SX Stake: Financial Tech
    SKS Capital Won't Buy MCX-SX Stake: Financial Tech

    Financial Technologies (India) Ltd or FTIL on Wednesday said SKS Capital has backed out from acquiring some of its stake in MCX-SX even as other investors, including Rakesh Jhunjhunwala, have completed purchase of shares in the stock exchange.

  • Indian Energy Exchange in Talks With FTIL for Buying Out Technology Solutions
    Indian Energy Exchange in Talks With FTIL for Buying Out Technology Solutions

    Since its inception, the leading power exchange has been using the technology provided by Financial Technologies (India) Ltd (FTIL), which has been asked by the regulator CERC to complete sale of its entire stake by January 4.

  • MCX-SX Issues Shares to New Investors, Meets Sebi Conditions
    MCX-SX Issues Shares to New Investors, Meets Sebi Conditions

    To comply with conditions imposed by the Securities and Exchange Board of India (Sebi), MCX-SX on Tuesday issued shares to 12 new investors, including Rakesh Jhunjhunwala, following which the erstwhile promoter Financial Technologies India Ltd (FTIL) will completely exit from the bourse.

  • Financial Tech Sells 1.65 Lakh MCX-SX Shares to Jhunjhunwala
    Financial Tech Sells 1.65 Lakh MCX-SX Shares to Jhunjhunwala

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

  • Electricity Regulator Gives More Time to Financial Tech for IEX Stake Sale
    Electricity Regulator Gives More Time to Financial Tech for IEX Stake Sale

    The Central Electricity Regulatory Commission (CERC) has given Financial Technologies India Ltd (FTIL) time till January 4 to comply with its directive to complete sale of its entire stake in Indian Energy Exchange.

  • High Court Orders Status Quo to Proposed Merger of FTIL with NSEL
    High Court Orders Status Quo to Proposed Merger of FTIL with NSEL

    The order was passed by a division bench of Justice V M Kanade and Anuja Prabhudesai while hearing a petition filed by FTIL challenging the proposed merger.

  • FTIL Shares Up Nearly 8% on MCX Stake Sale
    FTIL Shares Up Nearly 8% on MCX Stake Sale

    FTIL has been in trouble ever since the Rs 5,600 crore payment scam surfaced at group firm NSEL in July last year.

  • NSEL-Financial Tech Merger After Stakeholders' Suggestions: Corporate Affairs Minister
    NSEL-Financial Tech Merger After Stakeholders' Suggestions: Corporate Affairs Minister

    Scam-hit National Spot Exchange Ltd's merger with parent firm Financial Technologies India Ltd (FTIL) will be done after considering suggestions from stakeholders, the government said on Tuesday.

  • Financial Tech in Pact With Rakesh Jhunjhunwala, Others to Exit MCX-SX
    Financial Tech in Pact With Rakesh Jhunjhunwala, Others to Exit MCX-SX

    Financial Technologies India Ltd (FTIL) on Tuesday inked a pact with ace investor Rakesh Jhunjhunwala, financial major Edelweiss and others to sell its entire 5 per cent stake in MCX-SX for Rs 88.41 crore.

  • FTIL Signs Pact to Sell Mauritius-Based Bourse for Rs 250 Crore
    FTIL Signs Pact to Sell Mauritius-Based Bourse for Rs 250 Crore

    FTIL decided to exit the exchange business and focus on its core technology business after the Rs 5,600 crore scam surfaced at its Indian subsidiary NSEL last year.

  • Financial Tech Q2 Profit Jumps Twelve-Fold to Rs 327 Crore
    Financial Tech Q2 Profit Jumps Twelve-Fold to Rs 327 Crore

    Financial Technologies India Ltd (FTIL) on Wednesday said its net profit for the second quarter of the current fiscal year has jumped over 12 times to Rs 327 crore on the back of one-time gain on sale of its holding in MCX.

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