Financial Tech close to acquiring US co for $ 400m, stk up

Published on Mon, Dec 10, 2007 at 14:30 |  Source : Moneycontrol.com

Updated at Mon, Dec 10, 2007 at 14:54  

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At 2:21 pm, Financial Technologies was quoting at Rs 2,496, up Rs 94.35, or 3.93%. It has touched an intraday high of Rs 2,530 and an intraday low of Rs 2,411. 

The company is close to acquiring US-based company for USD 400 million. It may fund acquisition via MCX stake sale, reports CNBC-TV18, quoting sources.
 
It was trading with volumes of 103,041 shares. On Friday the share closed up 0.37% or Rs 8.80 at Rs 2,401.65.

  

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