| Fin Tech to sell 9.55% stake in MCX |
| BS Reporter / Mumbai December 14, 2007 |
| Financial Technologies India (FTIL), the key promoter of Multi Commodity Exchange (MCX), has decided to sell 3.55%, 5% and 1% equity stake to ICICI, IL&FS, Kotak, respectively, at an enterprise value of $1-1.1 billion. The stake sale will bring down FTIL |
