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Financial Tech gains; to sell stake in Bourse Africa
Source: IRIS | 18 Nov, 2014, 10.50AM
Rating: NAN / 5 stars.
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Financial Technologies (India), a provider of technology solutions for financial markets, witnessed a rise in share price on Tuesday after it the board of FT Group Investments Mauritius, ('FTGIPL'), a wholly owned subsidiary of Financial Technologies (India) has approved the sale of 100% of its stake in Bourse Africa, Mauritius (together with its wholly owned subsidiary Bourse Africa Clear) to Continental Africa Holdings (CAHL), Mauritius, for USD 40.5 million, subject to certain approvals in Mauritius and in India, as may be applicable.

Shares of the company are trading at Rs 192, up Rs 9.95, or 5.47% at the Bombay Stock Exchange (BSE) on Tuesday at 10:38 a.m.

The scrip has touched an intra-day high of Rs 194.50 and low of Rs 186.50. The total volume of shares traded at the BSE is 185,316.

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