1:57 pm - Sunday October 13, 2024

FTIL rallies over 5% on SMX stake sale to ICE Singapore

574 Viewed Alka Anand Singh Comments Off on FTIL rallies over 5% on SMX stake sale to ICE Singapore
FTIL rallies over 5% on SMX stake sale to ICE Singapore
FTIL rallies over 5% on SMX stake sale to ICE Singapore

Mumbai – Shares of Financial Technologies (FTIL) were in action after its wholly-owned subsidiary Financial Technologies Singapore (FTSPL) sold 100 per cent of its equity ownership in SMX to ICE Singapore Holdings Pte for $150 million.

The transaction was approved by the Board of Directors of FTSPL and FTIL on November 18, 2013 with signing of definitive agreements and is subject to certain customary closing conditions and approvals.

FTIL will primarily utilise the amount towards repayment

Don't miss the stories followIndiaVision India News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
India's first all-women bank "Bharatiya Mahila Bank" open in Lucknow

India’s first all-women bank “Bharatiya Mahila Bank” open in Lucknow

prev-next.jpg

Largest Available Memory and Fast Processing-Infineon Presents New Security Chip with Integrity Guard for Electronic Passports

Related posts