Update on divestment in Indian Energy Exchange Limited (IEX)

• Security Code: 526881
• Company: 63MOONS

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.