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| Exchange Disseminated Time 20/10/2015 18:30:44 | With reference to the earlier communications regarding Update on divestment in Indian Energy Exchange Limited (IEX) from time to time, Financial Technologies (India) Ltd has further informed BSE as under:
- Without prejudice to the Company's legal rights and remedies, on October 20, 2015 the Company have, entered into a Share Purchase Agreement (SPA) with Madison India Opportunities III, for sale of 4,78,834 (i.e. 1.58% stake in IEX on fully diluted basis) equity shares of Rs. 10/- each of IEX for an aggregate consideration of Rs. 33.96 crores.
The said transaction is subject to fulfillment of certain condition precedents. |
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