Financial Technologies (India), a provider of technology solutions for financial markets, witnessed a jump in share price on Wednesday. The company has signed a pact with Rakesh Jhunjhunwala, Edelweiss and others to sell its entire stake in MCX-SX stock exchange.
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.
Shares of the company are trading at Rs 188.70, up Rs 7.85, or 4.34% at the Bombay Stock Exchange (BSE) on Wednesday at 10:21 a.m.
The scrip has touched an intra-day high of Rs 194.50 and low of Rs 187.15. The total volume of shares traded at the BSE is 163,176.