Financial Technologies (India) gains on concluding sale of NBHC to IVF Trustee Company

Financial Technologies (India) is currently trading at Rs. 324.85, up by 1.35 points or 0.42% from its previous closing of Rs. 323.50 on the BSE. The scrip opened at Rs. 327.00 and has touched a high and low of Rs. 329.35 and Rs. 322.50 respectively. So far 68,000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 870.30 on 28-May-2013 and a 52 week low of Rs. 102.05 on 30-Aug-2013. Last one week high and low of the scrip stood at Rs. 367.95 and Rs. 320.10 respectively. The current market cap of the company is Rs. 1,496.00 crore. The promoters holding in the company stood at 45.63% while Institutions and Non-Institutions held 22.70% and 31.61% respectively. Financial Technologies (India) has completed the transaction relating to sale of National Bulk Handling Corporation (NBHC) to IVF Trustee Company. The company and all other shareholders of NBHC had earlier in month of March have entered into Share Purchase Agreement (SPA) for sale of 100% equity ownership in NBHC. Financial Technologies is a flagship company of the Financial Technologies Group. It provides technology solutions and domain expertise for digital transactions and financial markets across all asset class including equity, commodities, currency and debt.