Financial Technologies of India Ltd (FTIL) has begun the process of selling its 23 per cent stake in MCX-SX Clearing Corporation in order to comply with market regulator Sebi’s order. Sebi had directed FTIL to divest its shareholding in several entities including MCX-SX Clearing Corporation Ltd.
FTIL has floated an expression of interest (EoI) from entities interested in acquiring its 23 per cent stake in MCX-SX CCL. In a public notice issued on Friday, FTIL has invited expression of interest to acquire part or full of its 23 per cent stake (amounting to 57.5 lakh shares) in MCX-SX CCL.
The interested candidates are required to forward their bids along with a minimum price per share of not less than Rs 10 apiece by September 22 this year.