Held on 10 May 2014
Financial Technologies (India) announced that the Board of Directors of the Company at its meeting held on 10 May 2014, took note on the progress of the divestment of FTIL's stake in MCX and noted that all the shortlisted bidders continue to be interested in the divestment.The Board deliberated on the divestment process and decided that further time need to be given. The Board decided to give two weeks time to complete the discussions and negotiations with the bidders and attain the final bid.
The Board is now scheduled to meet on 24 May 2014.
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