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| Exchange Disseminated Time | The Exchange had sought clarification from Financial Technologies (India) Ltd with respect to news appearing in Economic Times on December 01, 2014 titled "FTIL Gets Time till Jan 4 to Complete IEX Stake Sale."
Financial Technologies (India) Ltd replied stating "we wish to clarify that the Company had vide letter dated November 05, 2014 intimated the stock exchanges about the Divestment of equity shares of Indian Energy Exchange (IEX] which stated that the Company had entered into Share purchase Agreement (SPA) with various entities for sale of its stake in IEX.
It was further intimated that the said transaction was subject to fulfillment of certain condition precedents. The CERC has now passed an order for extending the time for completion of divestment process till January 4, 2015." |
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