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63 Moons Technologies Ltd.

BSE: 526881 Sector: IT
NSE: 63MOONS ISIN Code: INE111B01023
BSE 15:53 | 27 Mar 2018 63 Moons Technologies Ltd
NSE 05:30 | 01 Jan 1970 63 Moons Technologies Ltd

Sale of stake in MCX Stock Exchange Ltd (MCX-SX)

November 26, 2014, 8:23 am | Source: BSE

Financial Technologies (India) Ltd has informed BSE that Financial Technologies (India) Ltd. (FTIL) on November 25 2014 entered into a Share and Warrant Purchase Agreement with Dr. Rakesh Jhunjhunwala and separate Warrant Purchase Agreements with M/s. Edelweiss Financial Services Limited M/s. Trust Investment Advisors Pvt. Ltd. Ms. Viral A. Parikh M/s. Nemish S. Shah H.U.F. M/s Derive Investments Mr. Kalpraj Dharamshi Mr. Dhanesh Sumatilal Shah Mr. Uday Shah Ms. Madhuri Kela Ms. Renuka Shah M/s. SKS Capital & Research Pvt. Ltd. and Ms. Madhu Vadera Jayakumar for sale of its 100% stake in MCX-SX comprising of 27000000 equity shares and 562460000 warrants for an aggregate consideration of Rs. 88419 Crores.

The said transaction is subject to fulfillment of certain condition precedents including regulatory approvals.

Post completion of the above said transaction the Company would have completely exited MCX-SX.