According to a report in the Business Standard, NSEL may not find it easy to raise funds by selling the stock held in the warehouses, and settle the trades.
Financial Technologies (India) board of directors in their meeting held on August 06, 2012 has declared first interim dividend of Rs 2 per share (i.e. 100%). Further, the payment of first interim dividend shall be made on August 31, 2012.
Financial Technologies (India) in its board meeting held on August 06, 2012 has declared first interim dividend of Rs 2 per share (i.e. 100%). Further, the payment of first interim dividend shall be made on August 31, 2012.
Shares of Financial Technologies India and MCX today shot up about 9.5%, after capital market regulator Sebi granted permission to their entity MCX-SX to operate as a full-fledged stock exchange.
In what comes in as a big reprieve for the exchange, the Bombay High Court on Wednesday, ruled in favour of MCX-SX in its case against market watchdog Sebi, reports CNBC-TV18.
Shares in Multi Commodity Exchange (MCX) rose more than 37% on their trading debut on Friday, indicating a revival in investor appetite for share offerings after a lacklustre 2011.
Financial Technologies (India) Ltd (FTIL) today said it has launched five new offerings in the power trading arena.
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.