Held on 02 May 2014
Financial Technologies (India) (FTIL) announced that the Board of FTIL met on 02 May 2014 and took note on the progress on the divestment of 24% stake in MCX, since the last Board meeting held on 25 April 2014. The Board was to deliberate on the final bidder at Board Meeting held on 02 May 2014.However, in the light of developments of MCX releasing executive summary of the Report of special audit conducted by PWC, some of the bidders have requested for the full report and also further information about MCX. Their request has been sent to MCX by the Company's Merchant Bankers. In view of this, the bidders have not submitted the binding bids.
Accordingly, the Board has decided to meet again on 10 May 2014 to review the progress on the divestment of 24% stake in MCX.
Powered by Capital Market - Live News
