Fin Tech keen on 5% stake in three bourses

Financial Technologies (India) (FTIL) has submitted expression of interest (EoI) to invest up to 5% of the paid-up capital in some regional stock exchanges.

According to a release issued by FTIL to the BSE today, the company is interested in three exchanges - the Delhi Stock Exchange, the Vadodara Stock Exchange and the Interconnect Stock Exchange.

The investment proposal is based on the proposal for de-mutualisation of various regional stock exchanges in India.

The company has clarified that it would not pursue any more investments in regional stock exchanges, and any existing investments and/or any allotment of shares with reference to its submitted EOIs in regional stock exchanges will be retained as portfolio investments.