Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesFin Technologies 'refunds' Rs 180cr to IFCI in MCX-SX deal

    Fin Technologies 'refunds' Rs 180cr to IFCI in MCX-SX deal

    Financial Technologies India on Wednesday said that it was repaying Rs 179.69 crore to financial institution IFCI under the terms of the deal for the 5% stake in MCX-SX. In July 2009, IFCI had paid Rs 251.56 crore for a 5% stake in MCX-SX, the stock exchange promoted by Financial Technologies.

    March 30, 2011 / 11:36 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Financial Technologies India on Wednesday said that it was repaying Rs 179.69 crore to financial institution IFCI under the terms of the deal for the 5% stake in MCX-SX. In July 2009, IFCI had paid Rs 251.56 crore for a 5% stake in MCX-SX, the stock exchange promoted by Financial Technologies.


      "The said sale was subject to a customary price reset, pursuant to which the excess amount of Rs 179.69 crores has been repaid to the Purchaser," Financial Technologies said in a  filing to the National Stock Exchange.


      The company did not mention IFCI as the purchaser in the filing, but an official confirmed to Moneycontrol.com that the buyer was the domestic financial institution.


      Financial Technologies was trading marginally down at Rs 833.65 per share.


      In September last year, the Securities and Exchange Board of India struck down MCX-SX
      first published: Mar 30, 2011 11:07 am

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347