Shares of Financial Technologies (India) has soared 11% to Rs 175 on back of heavy volumes on the bourses. The stock opened at Rs 159 and touched high of Rs 184 on the National Stock Exchange (NSE).
A combined 5.19 million shares representing 10% of total equity of the company have changed hands on the counter till 1010 hours. An average 2.4 million shares were traded daily in past two weeks on NSE and BSE.
According to Business Standard reports, Delhi-based borrower Mohan India has agreed to pay about Rs 771 of its dues to National Spot Exchange (NSEL). NSEL, a commodity exchange promoted by Financial Technologies (India).
Mohan India will make a down payment of Rs 11 crore and the balance will be paid over the next one year. The firm's total outstanding was Rs 950 crore, added report.
The BSE on Tuesday said it will exclude Jignesh Shah-led Financial Technologies (India) from trading in the Securities Lending and Borrowing (SLB) segment with effect from November 8.
The Securities Lending and Borrowing (SLB) mechanism allows short sellers to borrow securities for making delivery.
A combined 5.19 million shares representing 10% of total equity of the company have changed hands on the counter till 1010 hours. An average 2.4 million shares were traded daily in past two weeks on NSE and BSE.
According to Business Standard reports, Delhi-based borrower Mohan India has agreed to pay about Rs 771 of its dues to National Spot Exchange (NSEL). NSEL, a commodity exchange promoted by Financial Technologies (India).
Mohan India will make a down payment of Rs 11 crore and the balance will be paid over the next one year. The firm's total outstanding was Rs 950 crore, added report.
The BSE on Tuesday said it will exclude Jignesh Shah-led Financial Technologies (India) from trading in the Securities Lending and Borrowing (SLB) segment with effect from November 8.
The Securities Lending and Borrowing (SLB) mechanism allows short sellers to borrow securities for making delivery.
