FTIL board okays voluntary delisting of shares from 2 exchanges
Jignesh Shah-led FTIL said its Board has approved voluntary delisting of the company's equity shares from Madras and Ahmedabad stock exchanges.
By PTI |
NEW DELHI: Jignesh Shah-led Financial Technologies ( FTIL) today said its Board has approved voluntary delisting of the company's equity shares from Madras and Ahmedabad stock exchanges.
"Pursuant to the SEBI Delisting regulations, the Board of Directors of the Company have approved the voluntary delisting of equity shares of the Company from Madras & Ahmedabad Stock Exchanges," FTIL said in a filing to the BSE.
Post the de-listing from the two stock exchanges, the company will continue to be listed on BSE and NSE, it added.
FTIL is a basically a software company. It had to exit the commodity exchanges business after regulator FMC declared Financial Technologies as 'unfit' to run any bourses, post the NSEL scam.
Shares of the company closed at Rs 231.05 apiece on the BSE, up by almost 9 per cent from the previous day.
"Pursuant to the SEBI Delisting regulations, the Board of Directors of the Company have approved the voluntary delisting of equity shares of the Company from Madras & Ahmedabad Stock Exchanges," FTIL said in a filing to the BSE.
Post the de-listing from the two stock exchanges, the company will continue to be listed on BSE and NSE, it added.
FTIL is a basically a software company. It had to exit the commodity exchanges business after regulator FMC declared Financial Technologies as 'unfit' to run any bourses, post the NSEL scam.
Shares of the company closed at Rs 231.05 apiece on the BSE, up by almost 9 per cent from the previous day.
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