The stock up 3.5% at Rs 173 on the Bombay Stock Exchange.
Shares of Financial Technologies were up 3.5% at Rs 173 on the BSE after the company clarified to a query by the stock exchange.
In response to Exchange query regarding reports in the electronic media about raids being conducted on the residences of the Directors of Financial Technologies (India) Limited (FTIL) by the Economic Offences Wing (EOW), FTIL in a release to the Bombay Stock Exchange said, "It appears to us that EOW had conducted search operations on 30.09.2013 at the residence of the Directors of NSEL including at the residence of Mr. Jignesh P. Shah, Chairman & Managing Director, FTIL, may be due to he also being a Director on the Board of NSEL. Please note that no official communication in this regard has been received by FTIL from EOW and/or NSEL."
The stock opened at Rs 170.20 on the BSE and touched in intra-day high of Rs 174. Over 1.7 million shares were traded on both the stock exchanges so far.
Shares of Financial Technologies were up 3.5% at Rs 173 on the BSE after the company clarified to a query by the stock exchange.
In response to Exchange query regarding reports in the electronic media about raids being conducted on the residences of the Directors of Financial Technologies (India) Limited (FTIL) by the Economic Offences Wing (EOW), FTIL in a release to the Bombay Stock Exchange said, "It appears to us that EOW had conducted search operations on 30.09.2013 at the residence of the Directors of NSEL including at the residence of Mr. Jignesh P. Shah, Chairman & Managing Director, FTIL, may be due to he also being a Director on the Board of NSEL. Please note that no official communication in this regard has been received by FTIL from EOW and/or NSEL."
The stock opened at Rs 170.20 on the BSE and touched in intra-day high of Rs 174. Over 1.7 million shares were traded on both the stock exchanges so far.
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