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| Exchange Disseminated Time | Financial Technologies (India) Ltd has informed BSE that the Board of FT Group Investments Pvt. Ltd. Mauritius., (“FTGIPL”). a wholly owned subsidiary of Financial Technologies (India) Ltd. (“FTIL”) on November 17, 2014 approved the sale of 100% of its stake in Bourse Africa Limited, Mauritius (together with its wholly owned subsidiary Bourse Africa Clear Ltd.) to Continental Africa Holdings Limited (CAHL), Mauritius, for US$ 40.5 million, subject to certain approvals in Mauritius and in India, as may be applicable.
FTGIPL on November 17, 2014 signed a definitive agreement with CAHL, subject to certain customary closing conditions. The entire transaction is expected to be completed within the next 210 days. |
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