Financial Technologies (India) (FTIL), a provider of technology solutions for financial markets, witnessed a fall in share price on Wednesday after the Mumbai Police's Economic Offences Wing attached immovable properties worth Rs 20 billion of the company.
The attachment of properties of 63 Moon Technologies comes in the wake of arrest of its promoter Jignesh Shah in connection with the Enforcement Directorate's probe into the Rs 56 billion National Spot Exchange (NSEL) money laundering scam.
Shares of Financial Technologies (India) are trading at Rs 79.50, down Rs 5.85, or 6.85% at the Bombay Stock Exchange (BSE) on Wednesday at 11:31 a.m.
The scrip has touched an intra-day high of Rs 81.95 and low of Rs 70.20. The total volume of shares traded at the BSE is 739,557.