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FTIL slumps for second day, down 20 percent

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Reuters MUMBAI
Last Updated : Aug 02 2013 | 10:35 AM IST

MUMBAI (Reuters) - Shares in Financial Technologies (India) Ltd slumped as much as 45 percent to a record low after its unit National Spot Exchange Ltd this week suspended trade in most of its forward contracts and deferred payments on client trades.

As of 10:23 a.m., Financial Technologies shares were down nearly 20 percent after earlier hitting a record low of 105.45 rupees.

Shares in the technology provider had slumped 64.5 percent on Thursday.

(Reporting by Himank Sharma; Editing by Rafael Nam and Supriya Kurane)

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First Published: Aug 02 2013 | 10:23 AM IST

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