Financial Technologies (India) announced that Financial Technologies (India) (FTIL) on Tuesday, entered into a share and warrant purchase agreement with Rakesh Jhunjhunwala and separate warrant purchase agreements with Edelweiss Financial Services, and others to sell its entire stake in MCX-SX for Rs 884.19 million.

The company said, 'FTIL entered into a 'Share and Warrant Purchase Agreement' with Rakesh Jhunjhunwala and separate 'Warrant Purchase Agreements' with Edelweiss Financial Services' and other investors for sale of its 100% stake in MCX-SX comprising of 2,70,00,000 equity shares and 56,24,60,000 warrants for an aggregate consideration of Rs 884.19 million.'

FTIL has signed separate pacts for sale of equity as well as warrants with investors including Trust Investment Advisors, Viral A Parikh, Nemish S Shah HUF, Derive Investments, Kalpraj Dharamshi, Dhanesh Sumatilal Shah, Uday Shah, Madhuri Kela, Renuka Shah, SKS Capital & Research and Madhu Vadera Jayakumar, the firm added.

The said transaction is subject to fulfillment of certain condition precedents including regulatory approvals.

Post completion of the above said transaction, the company would have completely exited MCX-SX.

Shares of the company gained Rs 8.1, or 4.48%, to trade at Rs 188.95. The total volume of shares traded was 149,708 at the BSE (9.54 a.m., Wednesday).