Financial Technologies (India) Ltd has offered 26,43,916 equity shares of face value of Rs. 10/- each of Multi Commodity Exchange of India Limited (MCX) in the recently concluded IPO for a consideration of Rs. 1,032/- per share.
The abovesaid disinvestment by FTIL was in terms of Equity Structure Guidelines dated July 29, 2009, issued by Forward Market Commission.
Subsequent to the disinvestment, FTIL is holding 26% in the equity share capital of MCX.
Source: Equity Bulls