Financial Tech prices its GDRs at $ 9.88
Financial Technologies, technology solutions provider for capital, commodities, forex and debt markets, on Friday.
By PTI |
MUMBAI: Financial Technologies, technology solutions provider for capital, commodities, forex and debt markets, on Friday said it has priced Global Depository Receipts at 9.88 dollar each for its 115 million dollar issue.
In a filing to the Bombay Stock Exchange, the parent firm of multi-commodity exchange (MCX) said seven GDRs would represent, upon conversion, one equity share of Rs 2 each, priced at Rs 2724.90 per share.
The company will raise up to 115 million dollar in the international markets through the issue of Global Depository Receipts (GDRs) along with a green shoe option.
The company has alloted 1.01 crore GDRs with Green Shoe Option of up to 15.18 lakh GDRs at 9.88 dollar each.
On September 28, Financial Technologies (India) sold 10 per cent stake in the country's biggest commodity exchange MCX to global financial services firms Merrill Lynch and Citigroup for a total of about Rs 480 crore.
The company has also entered into agreements to offload three per cent and two per cent stakes to two foreign funds - Passport India Investment (Mauritius) and GLG Financials Fund, respectively
In a filing to the Bombay Stock Exchange, the parent firm of multi-commodity exchange (MCX) said seven GDRs would represent, upon conversion, one equity share of Rs 2 each, priced at Rs 2724.90 per share.
The company will raise up to 115 million dollar in the international markets through the issue of Global Depository Receipts (GDRs) along with a green shoe option.
The company has alloted 1.01 crore GDRs with Green Shoe Option of up to 15.18 lakh GDRs at 9.88 dollar each.
On September 28, Financial Technologies (India) sold 10 per cent stake in the country's biggest commodity exchange MCX to global financial services firms Merrill Lynch and Citigroup for a total of about Rs 480 crore.
The company has also entered into agreements to offload three per cent and two per cent stakes to two foreign funds - Passport India Investment (Mauritius) and GLG Financials Fund, respectively
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