HC bars FTIL from disbursing dividend, hiking directors' payThe promoter group owned 45.63% equity, of which 26.75% is with La-fin while Shah directly held a little over 10% shares as on June 30, 201...
01 Oct, 2015, 12.42 PM IST
FTIL's exit from MCX-SX is completeThe company has concluded the transaction relating to the sale of its stake in MCX-SX and received entire consideration for the same and ha...
15 Apr, 2015, 11.23 PM IST
NSEL Investors' Action Group alleges shoddy probe by policeThe city's Deputy Police Commissioner Dhananjay Kulkarni said that the department was conducting a "transparent and fair investigation".
13 Apr, 2015, 09.33 PM IST
SKS Capital backs out of MCX-SX stake buy, says Financial TechSKS Capital has expressed its inability to purchase the warrants and accordingly both the parties agreed to terminate the agreement.
24 Dec, 2014, 10.23 PM IST
Jignesh Shah resigns as FTIL MD; will mentor the firm now"The re-constituted Board of 12 members will have 5 Non-Exec and Independent Directors, 4 Exec Directors and 3 Non-Exec Directors," it said.
21 Nov, 2014, 09.15 AM IST
FTIL expands Board; to carve out new firm for flagship productFTIL said that its flagship software product, ODIN, is being spun out into a "separate subsidiary to attract majority strategic partner/inv...
08 Nov, 2014, 06.59 AM IST
NSEL fraud: Government mulls revamp of FTIL boardAs it tries to recover investors' money in Rs 5,600-crore NSEL fraud, the government is considering a proposal to revamp the board of the c...
27 Oct, 2014, 07.26 PM IST
CERC gives Financial Technologies more time for IEX stake saleThe CERC's decision came on a plea filed by Financial Technologies (India) Ltd seeking more time to complete the divestment process.
03 Oct, 2014, 03.44 PM IST
Financial Technologies India Ltd opposes merger of National Spot Exchange Ltd with itselfIt also informed that NSEL has recovered more than Rs 360 cr from 24 defaulters and same has been distributed proportionately amongst the i...
16 Sep, 2014, 06.39 PM IST
MCX to ask SEBI to waive 2% cap on FTIL stake saleThe board of Multi-Commodity Exchange of India has decided to ask market regulator SEBI to relax the 2 per cent lock-in cap on its promoter...
18 Aug, 2014, 11.08 PM IST
Financial Technologies appoints investment banker to sell stake in IEXJignesh Shah-led FTIL is in process of divesting its stake in stocks & energy exchanges after it was declared unfit by SEBI, FMC & CERC.
12 Aug, 2014, 09.02 PM IST
Financial Technologies says MCX stake sale to Kotak Bank done at 'fair' priceFTIL said that the price per share for the sale of stake in MCX is Rs 600 and not "Rs 664" as mentioned in the BSE query.
05 Aug, 2014, 09.58 PM IST
MCX may be restrained from launching fresh contractsThe NSEL, which is promoted by FTIL, has been defaulting on payments to 13,000 investors. In July, FMC had halted trading at the exchange.
25 Mar, 2014, 05.24 PM IST
Private equity firm IVFA buys out Financial Technologies’s warehousing arm for Rs 300 croreThe sale is part of a plan by FTIL group, which has been hit by Rs5,500-crore crisis on its subsidiary NSEL, to sell its non-core assets.
27 Feb, 2014, 04.00 AM IST
India Value Fund Advisors buys NBHC for Rs 300 croreFor IVFA, the largest India-dedicated fund of around $550 million, this is the first buyout in its portfolio of more than a dozen companies.
26 Feb, 2014, 06.36 PM IST
FTIL stock zooms 77% in 5 sessions on MCX stake sale, dilution buzzGoing by the way the FTIL stock has been behaving over the past few sessions, few would believe the promoter of NSEL was in the eye of a st...
10 Jan, 2014, 08.29 AM IST
FTIL appoints former FMC chief, retired judge on its boardFinancial Technologies India Ltd has appointed former FMC chairman Venkat Chary and retired judge R J Kochar as additional directors on its...
11 Oct, 2013, 11.21 PM IST