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63 Moons Technologies Ltd.

BSE: 526881 Sector: IT
NSE: 63MOONS ISIN Code: INE111B01023
BSE 00:00 | 24 Apr 2020 63 Moons Technologies Ltd
NSE 05:30 | 01 Jan 1970 63 Moons Technologies Ltd

Divestment of equity shares of Multi Commodity Exchange of India Limited (MCX)

July 21, 2014, 7:32 am | Source: BSE

Financial Technologies (India) Ltd has informed BSE that:

Financial Technologies (India) Ltd (FTIL) on July 20, 2014, entered into a Share Purchase Agreement (SPA) with Kotak Mahindra Bank Limited (KMBL) for the sale of 15% equity shares of MCX for an aggregate consideration of Rs. 459 Crores (rounded). The said transaction is subject to fulfillment of certain conditions precedents including regulatory approvals.

Post completion of the above said transaction, the Company's shareholding in MCX will come down to 5%, which is also under lock-in till March 07, 2015.