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Jul 27, 2013, 11.49 AM IST | Source: Moneycontrol.com

Financial Technologies clarifies on malicious rumours

Financial Technologies (India) has denied about many malicious rumours afloat on various media and request all the shareholders to not to rely & dont be instrumental in spreading such rumours knowingly or unknowingly.

Financial Technologies (India) Ltd has informed BSE that:"We would like to inform you that since July 15, 2013, there have been many malicious rumours afloat on various media. The series of rumours that are spread in the market have a pattern more particularly to spread on Friday and such rumours are spread by some unscrupulous elements with a design to depress the price of FTIL and damage its reputation.Generally as a policy of the Company, we do not react on such rumours. However we request all the shareholders/investors to be careful about some unscrupulous players in the market and bear cartels are working against the interest of the Company. This is detrimental to the interest of investors in general and of around 47,000 shareholders of FTIL in particular.We deny all such rumours and request all our shareholders to not to rely & don’t be instrumental in spreading such rumours knowingly or unknowingly.As a responsible Corporate, any definitive development of any substantive nature will be first notified to the stock exchanges in full compliance with Listing Agreement, so as to ensure uniform & simultaneous disclosure to all the investors.The Company reserves its rights to take necessary legal action including complaining to SEBI and all other relevant authorities to investigate & take necessary action into this malicious campaign against FTIL."Source : BSE

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