To sell 15% stake in MCX for Rs 459 crore
Financial Technologies (India) announced that on 20 July 2014, entered into a Share Purchase Agreement (SPA) with Kotak Mahindra Bank (KMBL) for the sale of 15% equity shares of MCX for an aggregate consideration of Rs. 459 crore (rounded). The said transaction is subject to fulfillment of certain conditions precedents including regulatory approvals.Post completion of the above said transaction, the Company's shareholding in MCX will come down to 5%, which is also under lock-in till 07 March 2015.
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