Financial Technologies (India) clarified on Friday about a news article in a Financial daily 'FTIL, MCX shares spurt on Shah stake sale rumour'.

The company said that, "We would like to categorically deny that Jignesh Shah or any other FTIL authorized spokesperson have made any such statement to media as reported in some TV channels which was subsequently carried by you also," it said.

"Also he has not named any company who have approached FTIL or not for strategic partnership and neither has he talked about FTIL's stake dilution or about its pricing. The reports have been put out of context and are highly speculative. We cannot comment further on this," it added.

Shares of the company declined Rs 10.65, or 2.82%, to trade at Rs 367.35. The total volume of shares traded was 395,024 at the BSE (1.41 p.m., Friday).