Millennium Post

FTIL scrip up by over 4.5%

Shares of Financial Technologies India (FTIL) ended over 4.5 per cent higher after the company inked a pact with ace investor Rakesh Jhunjhunwala and others to sell its entire 5 per cent stake in MCX-SX for Rs 88.41 crore.

After gaining 7.54 per cent to Rs 194.50 in intra-day trade, shares of FTIL ended at Rs 189.05, up 4.53 per cent from its previous close on the BSE.

In terms of volume, 3.18 lakh shares of the company changed hands at the BSE, while over 8 lakh shares were traded at the NSE during the day. FTIL has been in trouble ever since the Rs 5,600 crore payment scam surfaced at group firm NSEL. The group has started exiting from the exchange business both in India and abroad after commodity markets regulator FMC order declared FTIL and its founder Jignesh Shah as unfit to run any exchange in view of this scam.
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