 "FTIL surges as Jignesh Shah steps down")
Shares of Financial Technologies (India) are trading higher by 4% to Rs 191 on the BSE after board of directors of the Company at its meeting held on 20 November 2014 approved appointment of Prashant Desai, President as MD & CEO of the Company.
Further, the Board has inducted Nisha Dutt, Sunil Shah and Miten Mehta as Non-Executive Directors and Jigish Sonagra and Rajendra Mehta as Executive Directors.
However, Manjay Shah and Dewang Neralla will exit from Board of the Company.
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Jignesh Shah, its founder and former chief, will exit from the company with immediate effect.
The stock opened at Rs 191, touched a high of Rs 195 and a low of Rs 190 on the BSE. A total of 147,096 shares have changed hands on the BSE so far.