Financial Technologies clarifies on MCX's issue with IL&FS

Financial Technologies (India) Ltd (FTIL) has clarified regarding the news appearing in The Times of India titled "FMC steps into MCX, IL&FS case" and news item published in The Economic Times titled "MCX Faces Flak for Attempt to Back FT Co Deal", both appeared on September 07, 2013.

The headlines of the news item is misleading as FTIL was never a party to the transaction signed between MCX & IL&FS. Therefore, FTIL would refrain from commenting on such misleading articles in any news-paper. FTIL also confirmed that it has not received any communication from the regulator as referred in the article.

Shares of Financial Technologies (India) Ltd was last trading in BSE at Rs.183.85, up by Rs.39.40 or 27.28%. The stock hit an intraday high of Rs.190.35 and low of Rs.140.20.

The total traded quantity was 58.94 lakhs compared to 2 week average of 25.61 lakhs.

Source : Equity Bulls

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