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Financial Technologies (India) sells ownership in NBHC

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Capital Market
Last Updated : Mar 19 2014 | 12:04 AM IST

For Rs 241.74 crore

Financial Technologies (India) (FTIL) and all the shareholders of National Bulk Handling Corporation (NBHC) have entered into share purchase agreement for sale of 100% equity ownership in NBHC, a subsidiary of the company to IVF Trustee Company, a sole Trustee of India Value Fund IV for a total consideration of Rs 241.74 crore, subject to certain customary closing conditions including approval of the shareholders of FTIL.

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First Published: Mar 18 2014 | 1:53 PM IST

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