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| Exchange Disseminated Time | The Exchange had sought clarification from Financial Technologies (India) Ltd with respect to news article appearing in The Financial Express on June 27, 2015 titled "FTIL floats EoI to sell 23% stake in MCS-SX CCL"
Financial Technologies (India) Ltd replied stating "We wish to inform you that the clarification sought by you on the above media report is neither price sensitive nor has a bearing on the operations of FTIL. However, as a matter of abundant precaution, please find our clarification as under:
The Company has given an advertisement (copy attached) in the Business Standard dated 26.06.2015 for inviting bids for selling of its stake in MCX-SX CCL, without prejudice to its rights and contentions under law. The news article which you have forwarded to us is self-explanatory and we have nothing more to comment on the same.
As a responsible corporate and as a matter of good corporate governance practice, any price sensitive information pertaining to operations or performance of the Company, or such other information as required under Clause 36 of the Listing Agreement, will be first notified to the Stock Exchanges to comply with the Listing Agreement." |
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